MARKET WATCH: Crude oil futures close week modestly lower

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 New York Mercantile Exchange October crude oil contract declined 31¢ on Aug. 22, closing at $93.65/bbl. The November also fell, down 21¢ to $93.17/bbl.

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¢.

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