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

Christie calls for N. American energy system improvements

09/05/2014 Mexico, Canada, and the US will need to significantly increase investments in energy systems if they expect to achieve the full benefits of a North...

MARKET WATCH: Crude oil experiences week-long ‘bumpy ride’

09/05/2014 The crude oil market was taken on a “bumpy ride” down a rocky road for much of this week, according to a commodities research note from Barclays Re...

Devon Canada files with AER for Walleye oil sands project

09/05/2014

Devon Canada Corp. has submitted applications with Canada’s Alberta Energy Regulator for its Walleye steam-assisted gravity drainage project.

AU Energy to acquire Tullow Netherlands unit

09/05/2014 AU Energy BV, a subsidiary of Mercuria Energy Group Ltd., has agreed to acquire Dutch operated and nonoperated L12/L15 block interests and nonopera...

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