MARKET WATCH: Crude oil futures price trends higher at week’s end

The crude oil futures contract trended higher at the close of the week ended Apr. 11.

The New York Mercantile Exchange May crude oil contract price was up 34¢ on Apr. 11, closing at $103.74/bbl. The June contract climbed 24¢ to $102.62/bbl.

The May natural gas contract was down 3.5¢ to a rounded $4.62/MMbtu.

Heating oil for May delivery edged down less than a penny to a rounded $2.93/gal. Reformulated gasoline stock for oxygenate blending for May delivery was virtually unchanged at a rounded $3.01/gal.

In London, the May ICE contract for Brent crude delivery fell 13¢, closing at $107.33/bbl. The June contract dropped 12¢ to $107.40/bbl. The ICE gas oil contract for May increased $1.75 to $904/tonne.

The Organization of Petroleum Exporting Countries reported its basket of 12 benchmark crudes for Apr. 11 was $104.07/bbl, a decline of 26¢.

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