MARKET WATCH: Crude prices continue upward momentum

The October contract for benchmark US light, sweet crudes on the New York Mercantile Exchange closed at $108.37/bbl on Sept. 5, an increase of $1.14 from the previous day. The November crude contract increased $1.08 to $107.67/bbl.

Heating oil for October delivery improved 0.2¢ to settle at $3.14/gal on NYMEX. Reformulated gasoline stock for oxygenate blending for October decreased 2.8¢ to $2.83/gal.

The October natural gas contract was down by 10.8¢ to close at a rounded $3.56/MMbtu on NYMEX. On the US spot market, the gas price at Henry Hub, La., was a rounded $3.69/MMbtu, virtually unchanged from Sept. 4.

In London, the October IPE contract for North Sea Brent crude climbed 35¢ to $115.26/bbl. The September contract for gas oil settled at $963.75/tonne, up $3 from the previous session. The October contract rose by $2.50, settling at $964/tonne.

The Organization of Petroleum Exporting Countries reported its basket of 12 benchmark crudes was down 8¢ closing at $111.47/bbl on Sept. 5.

Related Articles

Judge bars Anadarko e-mails as evidence in Macondo blowout hearing

03/21/2014 A federal district judge in New Orleans refused to accept e-mails between Anadarko Petroleum Corp. and BP PLC as evidence in a hearing to determine...

Industry group welcomes most UK budget moves

03/21/2014 Oil & Gas UK voiced support for all but one of several measures affecting the offshore producing industry announced in the UK government’s annu...

MARKET WATCH: Crude oil, gas futures prices slide entering spring


The first day of spring in the northern hemisphere was marked by lower crude oil and natural gas futures prices.

OMV acquires West of Shetland licenses from Hess

03/21/2014 OMV AG has reached an agreement with Hess Corp. to acquire four licenses in West of Shetland, UK, including Cambo field and the Blackrock prospect,...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected