MARKET WATCH: Oil prices up, but remain below $100/bbl benchmark

Oil futures prices made some gains Oct. 25 on the New York market, but still remained below $100/bbl. Prices for the commodity fell below that benchmark level on Oct. 21 for the first time since July 1 (OGJ Online, Oct. 22, 2013).

The New York Mercantile Exchange December crude contract rose 74¢ on Oct. 25, settling at $97.85/bbl. The January 2014 contract gained 71¢ to $97.95/bbl.

Heating oil for December delivery edged up a penny to a rounded $2.91/gal on NYMEX. Reformulated gasoline stock for oxygenate blending for November delivery remained virtually unchanged at a rounded $2.59/gal.

The November natural gas contract climbed 7.8¢ to $3.707/MMbtu on NYMEX. On the US spot market, the gas price at Henry Hub, La., was $3.67/MMbtu, off 5.4¢.

In London, the December ICE contract for Brent crude oil lost 6¢ to settle at $106.93/bbl while the January 2014 contract edged up 2¢ to $106.59/bbl. The November contract for ICE gas oil fell $1.75 to $909.75/tonne.

The Organization of Petroleum Exporting Countries basket of 12 benchmark crudes was down 60¢ to $104.97/bbl on Oct. 25.

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