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


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