Crude oil futures prices closed out the week ended Aug. 22 modestly lower after staging a bit of a recovery midweek (OGJ Online, Aug. 22, 2014).
The natural gas contract for September was down 4.9¢ to $3.84/MMbtu. On the US cash market, gas at Henry Hub, La., stood at $3.85/MMbtu, down 2¢.
Heating oil for September delivery was down just shy of a penny to a rounded $2.83/gal. Reformulated gasoline stock for oxygenate blending for September delivery also was down just short of a cent, to a rounded $2.74/gal.
The October ICE contract for Brent crude delivery lost 34¢ to $102.29/bbl. The November contract fell 32¢ to $103.04/bbl. The ICE gas oil contract for September was up another $1 to $860.25/tonne.
The average price for the Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes was $99.19/bbl on Aug. 22, up 16¢.