MARKET WATCH: Crude oil, natural gas futures have down day

The energy commodities markets had a down day Mar. 11.

The New York Mercantile Exchange April crude oil contract fell $1.09 on Mar. 11, closing at $100.03/bbl. The May contract lost $1 to settle at $99.59/bbl.

The April natural gas contract gave up 4.6¢ to a rounded $4.61/MMbtu. On the US spot market, the gas price at Henry Hub was up 3.8¢ to a rounded $4.67/MMbtu.

Heating oil for April delivery dropped less than a penny to a rounded $2.96/gal. Reformulated gasoline stock for oxygenate blending for April delivery was up 1.76¢ to a rounded $2.97/gal.

In London, the April ICE contract for Brent crude delivery rose 47¢, closing at $108.55/bbl. The May contract gained 37¢ to close at $107.88/bbl. The ICE gas oil contract for March edged up 50¢ to $908.75/tonne.

The Organization of Petroleum Exporting Countries reported its basket of 12 benchmark crudes was $104.38/bbl on Mar. 11, losing 10¢.

Related Articles

Escalera Resources to form Albania joint venture

04/03/2014 Escalera International Co. LLC, a subsidiary of Escalera Resources Co. (formerly Double Eagle Petroleum Co.), has signed a memorandum of understand...

EIA: Ethanol spot prices rise on rail congestion, cold weather

04/03/2014 Spot prices for ethanol have increased steadily since early February, driven by logistical problems and harsh weather conditions, according to the ...

AMP files FERC request for abandonment of Midla Pipeline

04/03/2014 American Midstream Partners LP (AMP) has filed a request with the US Federal Energy Regulatory Commission to abandon use of its 1920s vintage Midla...

Scott links South Atlantic OCS access bill to jobs growth plan

04/03/2014 US Sen. Tim Scott (R-SC) introduced a bill that would reverse the Obama administration’s exclusion of four South Atlantic coastal states from activ...

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