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

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