Crude oil markets closed out the week ended July 11 lower in both New York and London.
The natural gas contract for August gained 2.6¢ to a rounded $4.15/MMbtu. On the US cash market, gas at Henry Hub, La., was $4.09/MMbtu, declining 2¢.
Heating oil for August delivery dropped 3.24¢ to a rounded $2.86/gal. Reformulated gasoline stock for oxygenate blending for August delivery relinquished 4.9¢ to a rounded $2.91/gal.
The August ICE contract for Brent crude delivery dropped $2.01 to $106.66/bbl. The September contract dropped $1.75 to $107.26/bbl. The ICE gas oil contract for August was down $3.25 to $884.25/tonne.
The Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes for July 11 was $104.87/bbl, dropping 29¢.