MARKET WATCH: Oil, gas prices fall amid fears of partial US government shutdown

Fears of a partial US government shutdown weighed heavily on New York markets Sept. 27, with crude and natural gas each dropping 1.4%.

The NYMEX November contract for benchmark US light, sweet crudes fell by 16¢ on Sept. 27, settling at $102.87/bbl. The December crude contract dropped 18¢ to settle at $102.34/bbl.

Heating oil for November delivery edged down 1.5¢ to a rounded $2.99/gal on NYMEX. Reformulated gasoline stock for oxygenate blending for October lost 2.9¢ to a rounded $2.68/gal. The November contract decreased by about 2.9¢ to settle at a rounded $2.66/gal.

The November natural gas contract increased by 2.2¢ to a rounded $3.59/MMbtu on NYMEX. On the US spot market, the gas price at Henry Hub, La. was a rounded $3.50/MMbtu, a 3.3¢ decline.

In London, the November IPE contract for North Sea Brent crude lost 58¢ to $108.63/bbl. The October contract for gas oil rose $6.75 to $927.25/tonne while the November contract settled up to $6 to $926/tonne.

The Organization of Petroleum Exporting Countries reported its basket of 12 benchmark crudes climbed 13¢ to $106.47/bbl on Sept. 27.

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

03/21/2014

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