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

Shell submits revisions to its 2015 Chukchi Sea exploration plan

08/29/2014 Shell Offshore Inc. submitted revisions to its previously approved Chukchi Sea exploration plan on Aug. 28, a spokesman for the company confirmed. ...

BLM announces California oil, gas strategy as CCST issues report

08/29/2014 The US Bureau of Land Management’s California state office announced a comprehensive strategy for its oil and gas program in the state after receiv...

MARKET WATCH: Crude oil futures end trading session higher in New York


Crude oil futures prices trended upwards Aug. 28, ending the day’s trading session higher, while the ICE contract for Brent retreated.

EIA: US sees lowest pre-Labor Day gasoline prices in 4 years

08/29/2014 US retail prices for regular gasoline averaged $3.45/gal on Aug. 25, which was lowest price on a Monday preceding the Labor Day holiday in the US s...

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