MARKET WATCH: Oil, gas prices close lower on the week

The New York Mercantile Exchange December crude contract lost 39¢ on Oct. 31 to settle at $96.38/bbl. The January 2014 contract fell by 41¢, settling at $96.65/bbl.

Heating oil for November delivery edged down a little more than a penny to a rounded $2.97/gal on NYMEX. Reformulated gasoline stock for oxygenate blending for November delivery declined about 2¢ to a rounded $2.63/gal.

The December natural gas contract on NYMEX dropped about 4¢ to $3.58/MMbtu. On the US spot market, the gas price at Henry Hub, La., was a rounded $3.56/MMbtu, down half a cent.

In London, the December ICE contract for Brent crude oil decreased by $1.02, settling at $108.84 while the January 2014 contract was off 85¢ to $108.63/bbl. The November contract for ICE gas oil lost $4.75 to $932.50/tonne.

The Organization of Petroleum Exporting Countries’ daily basket price was unavailable Nov. 1 because its Secretariat office is closed.

Related Articles

ATP-IP settlement marks first joint resolution of CWA, OCSLA claims

10/16/2014 ATP Infrastructure Partners LP (ATP-IP) agreed to pay a $1 million fine and perform corrective measures to resolve federal claims that it violated ...

AGA will initiate nationwide peer safety, operations reviews

10/16/2014 The American Gas Association’s board of directors approved creation of a nationwide peer safety and operations review program beginning in 2015. It...

BOEM proposes central Gulf of Mexico Lease Sale 235

10/16/2014 The US Bureau of Ocean Energy Management (BOEM) has proposed Gulf of Mexico central planning area Lease Sale 235 for March 2015 in New Orleans. BOE...

Southwestern Energy to acquire Marcellus, Utica assets for $5.375 billion

10/16/2014 Southwestern Energy Co., Houston, has agreed to acquire assets in the southern Marcellus shale and a portion of the eastern Utica shale in West Vir...

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