MARKET WATCH: Crude oil markets close week lower in New York, London

Crude oil markets closed out the week ended July 11 lower in both New York and London.

The New York Mercantile Exchange August crude oil contract fell $2.10 on July 11, closing at $100.83/bbl. The September contract also fell $2.10, settling at $100.30/bbl.

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¢.

Related Articles

Market watch: Energy futures prices rose slightly Friday

05/06/2002 Crude oil futures prices rose slightly Friday amid lingering uncertainty about a possible disruption of Middle East supplies, although tensions in ...

Gulf of Mexico oil service sector showing signs of an upturn

05/06/2002 The Gulf of Mexico oil service sector is experiencing the signs of an upturn, analysts with Simmons & Co. International, UBS Warburg LLC, and RBC D...

OTC: Industry, national agencies need to work together to make FPSOs work in the gulf

05/06/2002 Over the coming years, the oil and gas industry will have to keep an open line of communication with national agencies such as the US Coast Guard a...

Market watch: Energy futures prices fall as Iraq lifts embargo

05/07/2002 Crude oil futures prices fell Monday after Iraq announced plans to lift a self-imposed export embargo with exports expected to resume by Wednesday.

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