Crude oil futures prices in New York and London closed out the week ended June 13 higher on escalating violence in Iraq.
The New York Mercantile Exchange July crude oil contract price was up 38¢ on June 13, closing at $106.91/bbl. The August contract gained 39¢ to $106.17/bbl.
The natural gas contract for July declined 2.3¢ to a rounded $4.74/MMbtu. The August contract fell 1.5¢ to a rounded $4.75/MMbtu. On the US cash market, gas at Henry Hub, La., was $4.67/MMbtu, jumping 17¢.
Heating oil for July delivery was virtually unchanged at a rounded $2.99/gal. Reformulated gasoline stock for oxygenate blending for July delivery dropped 2.6¢ to a rounded $3.06/gal.
The July ICE contract for Brent crude delivery rose 39¢, closing at $113.41/bbl. The August contract climbed 4¢ to $112.46/bbl. The ICE gas oil contract for July increased $9.25 to $920.75/tonne.
The Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes for June 13 was $109.31/bbl, a $1.85 spike from June 12.
