MARKET WATCH: Oil prices continue upward climb

The October contract for benchmark US light, sweet crudes on the New York Mercantile Exchange rose $2.16 on Sept. 6, settling at $110.53/bbl. The November crude contract increased $1.85 to $109.52/bbl.

Heating oil for October delivery was up 2.4¢ to settle at $3.16/gal on NYMEX. Reformulated gasoline stock for oxygenate blending for October improved 1.8¢ to a rounded $2.85/gal.

The October natural gas contract fell 4.5¢ to close at $3.53/MMbtu on NYMEX. On the US spot market, the gas price at Henry Hub, La. was $3.55/MMbtu, a 14.1¢ decrease from Sept. 5.

In London, the October IPE contract for North Sea Brent crude climbed 86¢ to $116.12/bbl. The September contract for gas oil settled at $971/tonne, up $7.25 from the previous session.

The Organization of Petroleum Exporting Countries reported its basket of 12 benchmark crudes was up 63¢, closing at $112.10/bbl on Sept. 6.

Related Articles

IAGC appoints new president

09/19/2014 The board of the International Association of Geophysical Contractors has reported that Ken Wells has been named as the organization’s president.

MARKET WATCH: Crude oil futures down more than $1 in New York, London

09/19/2014 The New York Mercantile Exchange October crude oil contract lost $1.35 to $93.07/bbl on Sept. 18. The November contract declined $1.22 to $91.98/bbl.

ExxonMobil ‘winding down’ Arctic well, complying with US, EU sanctions on Russia

09/19/2014 ExxonMobil Corp. released a statement that the company is complying with all US sanctions on Russia after news reports that the operator had halted...

ExxonMobil, Linn to make second asset exchange this year

09/19/2014 ExxonMobil Corp. has agreed to trade interest in 500 net acres from South Belridge field near Bakersfield, Calif., to Linn Energy LLC, Houston, in ...

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