Crude oil futures prices ended the week lower, but natural gas futures prices continued to climb.
The New York Mercantile Exchange March crude contract fell 68¢ on Jan. 24, closing at $96.64/bbl. The April contract dropped 54¢ to settle at $96.22/bbl.
Heating oil for March delivery increased 2.48¢ to a rounded $3.02/gal. Reformulated gasoline stock for oxygenate blending for February delivery edged up less than a cent to a rounded $2.66/gal.
The February natural gas contract on NYMEX leaped 45.2¢ to a rounded $5.18/MMbtu. On the US spot market, the gas price at Henry Hub was a rounded $5.17/MMbtu, declining 18¢.
In London, the March ICE contract for Brent crude delivery climbed 30¢, closing at $107.88/bbl as the April contract rose 27¢ to $107.19/bbl. The ICE gas oil contract for February edged down 75¢ to $921.75/tonne.
The Organizational of Petroleum Exporting Countries reported its basket of 12 benchmark crudes was $105.04/bbl on Jan. 24, a loss of $1.07.