Oil and natural gas futures prices continued to wane after hitting highs earlier in the week.
The natural gas contract for July fell 15.3¢ to $4.40/MMbtu. On the US cash market, gas at Henry Hub, La., was $4.55/MMbtu, down 2¢.
Heating oil for July delivery relinquished 1.6¢ to a rounded $3.01/gal. Reformulated gasoline stock for oxygenate blending for July delivery fell just less than a penny to a rounded $3.09/gal.
The August ICE contract for Brent crude delivery lost 79¢, closing at $113.21/bbl. The September contract declined 78¢ to $112.73/bbl. The ICE gas oil contract for July decreased $4 to $924.75/tonne.
The Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes for June 26 stood at $109.39/bbl, losing 24¢.