MARKET WATCH: Natural gas futures prices continue upward climb

Natural gas futures prices continued to climb Feb. 21, while crude futures were off slightly.

The New York Mercantile Exchange April crude contract declined 55¢ on Feb. 21, closing at $102.20/bbl. The May contract lost 48¢ to settle at $101.37/bbl.

Heating oil for March delivery was down 7.85¢ to a rounded $3.10/gal. Reformulated gasoline stock for oxygenate blending for March delivery dropped 1.33¢ to a rounded $2.83/gal.

The March natural gas contract on NYMEX was up 7.1¢ to a rounded $6.14/MMbtu. On the US spot market, the gas price at Henry Hub, La. was $6.20/MMbtu, jumping 27.5¢.

In London, the April ICE contract for Brent crude delivery was down 45¢, closing at $109.85/bbl, while the May contract lost 50¢ to 109.48/bbl. The ICE gas oil contract for March fell $7.75 to $929.75/tonne.

The Organizational of Petroleum Exporting Countries reported its basket of 12 benchmark crudes was $106.68/bbl on Feb. 21, relinquishing 11¢.

Related Articles

Train carrying crude derails, catches fire in Virginia

04/30/2014 A train carrying crude oil derailed Apr. 30 in Lynchburg, Va., setting 3 cars on fire, CSX Transportation announced. The fire was quickly extinguis...

Azerbaijan looks beyond energy successes for economic growth

04/30/2014 Azerbaijan’s growing economy undoubtedly benefits from its oil and gas developments, but the country also has laid a strong foundation to move into...

FERC releases final EIS for Cameron LNG project

04/30/2014 The US Federal Energy Regulatory Commission on Apr. 30 released its final environmental impact statement (EIS) for the Cameron Liquefaction Project...

Faroe Petroleum to buy UK North Sea interests from Tullow

04/30/2014 Faroe Petroleum Ltd. has entered into an agreement with Tullow Oil PLC unit Tullow Oil SK Ltd. to buy 53.1% of Tullow’s Schooner unit interest alon...

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