Crude oil futures prices trended upwards Aug. 28, ending the day’s trading session higher, while the ICE contract for Brent retreated.
The natural gas contract for October increased 4.1¢ to a rounded $4.04/MMbtu. On the US cash market, gas at Henry Hub, La., was $4.02/MMbtu, up 3¢.
Heating oil for September delivery edged down 1.15¢ to a rounded $2.85/gal. Reformulated gasoline stock for oxygenate blending for September delivery edged up less than a penny to remain at a rounded $2.75/gal.
The October ICE contract for Brent crude delivery declined 26¢ to $102.46/bbl, while the November contract fell 36¢ to $103.12/bbl. The ICE gas oil contract for September gained 50¢ to $865/tonne.
The average price for the Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes on Aug. 28 was $99.97/bbl, dropping 9¢.