MARKET WATCH: Oil prices end week slightly down

The October contract for benchmark US light, sweet crudes on the New York Mercantile Exchange fell 39¢ on Sept. 13, settling at $108.21/bbl. The November crude contract declined 21¢ to settle at $107.54/bbl.

Heating oil for October delivery edged down by about 0.3¢ to a rounded $3.11/gal on NYMEX. Reformulated gasoline stock for oxygenate blending for October fell 0.7¢ to a rounded $2.77/gal.

The October natural gas contract rose by 3.9¢ to close at $3.677/MMbtu on NYMEX. On the US spot market, the gas price at Henry Hub, La. was a rounded $3.64/MMbtu, virtually unchanged from the previous day’s closing.

In London, the October IPE contract for North Sea Brent crude increased 15¢ to $112.78/bbl. The October contract for gas oil settled at $949.75/tonne, down $1.75.

The Organization of Petroleum Exporting Countries reported its basket of 12 benchmark crudes was up 4¢ to $109.87/bbl on Sept. 13.

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