MARKET WATCH: Oil futures prices end week higher

The New York Mercantile Exchange January crude contract increased 27¢ on Dec. 6, closing at $97.65/bbl. The February contract tallied 29¢ to settle at $97.90/bbl.

Heating oil for January delivery edged up less than a penny to settle at a rounded $3.06/gal on NYMEX. Reformulated gasoline stock for oxygenate blending for January delivery gained 1.42¢ to a rounded $2.73/gal.

The January natural gas contract on NYMEX was down 1.8¢, settling at a rounded $4.11/MMbtu. On the US spot market, the gas price at Henry Hub, La., was a rounded $4.14/MMbtu, a 16.3¢ rise.

In London, the January ICE contract for Brent crude oil claimed an additional 63¢, closing at $111.61/bbl. The February Brent contract rose 65¢ to $111.22/bbl. The ICE gas oil contract for December dropped $3 to settle at $940.75/tonne.

The Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes closed at $108/bbl on Dec. 6, declining 22¢.

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