MARKET WATCH: Freezing weather continues to drive natural gas futures

Natural gas futures prices continued to rise as freezing weather continued to envelope much of the US. Most other energy contracts also ended the Jan. 23 trading session higher.

The New York Mercantile Exchange February natural gas contract on NYMEX increased 4.1¢ to $4.73/MMbtu. On the US spot market, the Jan. 23 gas price at Henry Hub was a rounded $5.35/MMbtu, leaping 46.2¢.

The NYMEX March crude contract, meanwhile, gained 59¢ on Jan. 23, closing at $97.32/bbl. The April contract climbed 39¢ to settle at $96.76/bbl.

Heating oil for February delivery was up 3.86¢ to a rounded $3.08/gal. Reformulated gasoline stock for oxygenate blending for February delivery was down 1.53¢ to reach a rounded $2.66/gal.

In London, the March ICE contract for Brent crude delivery declined 69¢, closing at $107.58/bbl. The April contract rose 59¢ to $106.92/bbl. The ICE gas oil contract for February gained $3.50 to $922.50/tonne.

The Organizational of Petroleum Exporting Countries reported its basket of 12 benchmark crudes was $106.11/bbl on Jan. 23, rising 49¢.

Related Articles

WoodMac: US tight-oil market ‘too robust to bust’

03/25/2014 A drop in global oil price levels or a significant widening of the differential between global oil prices and inland realizations are just two of t...

Gorder named Valero chief executive officer


Joe Gorder, Valero Energy Corp. president and chief operating officer, has been named chief executive officer, succeeding Bill Klesse.

Double Eagle changes name, appoints chief executive officer

03/25/2014 Double Eagle Petroleum Co., Denver, has appointed Charles F. Chambers to the position of chairman and chief executive officer, effective Apr. 1. As...

MOL closes purchase of North Sea assets from Wintershall

03/25/2014 MOL Group, Budapest, has completed its transaction with Wintershall, Kassell, Germany, in which MOL acquires offshore assets with 14 licenses in th...

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