MARKET WATCH: Crude oil futures end week higher

The New York Mercantile Exchange June crude oil contract price was up 52¢ on May 16, closing at $102.02/bbl. The July contract increased 45¢ to $101.58/bbl.

The June natural gas contract was down 5.6¢ to a rounded $4.41/MMbtu. The July contract lost 5.7¢ to a rounded $4.42/MMbtu.

Heating oil for June delivery was virtually unchanged at a rounded $2.95/gal. Reformulated gasoline stock for oxygenate blending for June delivery gained about a cent to a rounded $2.97/gal.

In London, the July ICE contract for Brent crude delivery jumped 66¢, closing at $109.75/bbl. The ICE gas oil contract for June rose $2.25 to $916.25/tonne.

The Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes on May 16 was $105.95/bbl, a 29¢ gain.

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