MARKET WATCH: Crude oil futures price down, but stays above $100/bbl benchmark

The New York Mercantile Exchange June crude oil contract price fell 51¢ on May 8, closing at $100.26/bbl. The July contract declined 42¢ to settle at $99.54/bbl.

The June natural gas contract decreased 16.8¢ to a rounded $4.57/MMbtu. The July contract dropped 17.1¢ to a rounded $4.58/MMbtu.

Heating oil for June delivery lost less than a penny to a rounded $2.92/gal. Reformulated gasoline stock for oxygenate blending for June delivery relinquished 1.32¢ to a rounded $2.91/gal.

In London, the June ICE contract for Brent crude delivery declined 9¢, closing at $108.04/bbl. The July contract dropped 12¢ to settle at $107.49/bbl. The ICE gas oil contract for May was up $1.25 to $903.25/tonne.

The Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes on May 8 was $103.94/bbl, gaining 25¢.

Related Articles

Uneven effects seen from new Appalachian pipelines

09/15/2014 Producers in the Appalachian basin will benefit unevenly from markets opening for natural gas from the Marcellus and Utica shales, according to a C...

AAPG ICE: Turkey sees early shale oil development

09/15/2014 Turkey is slightly larger than the state of Texas geographically, yet the country has only seen 4,400 wells drilled since 1940. While Texas’ oil hi...

Giesler joins Miller as chief executive

09/15/2014 Carl F. Giesler Jr. has joined Miller Energy Resources Inc., Knoxville, Tenn., as chief executive officer, replacing Scott M. Boruff, who is now ex...

Miller seeks Buccaneer’s Alaskan assets

09/15/2014 Miller Energy Resources Inc., Knoxville, Tenn., has signed a nonbinding letter of intent to buy Alaskan operating assets of Buccaneer Energy for $4...

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