The New York Mercantile Exchange September crude oil contract dropped $2.10 July 31 to close the month below the $100/bbl level, settling at $98.17/bbl. The October contract decreased $1.72 to $97.32/bbl.
The natural gas contract for September gained 5.5¢ to a rounded $3.84/MMbtu. On the US cash market, gas at Henry Hub, La., was $3.74/MMbtu, falling 2¢.
Heating oil for August delivery edged down slightly to remain at a rounded $2.89/gal. Reformulated gasoline stock for oxygenate blending for August delivery, which expired at settlement July 31, relinquished 1.22¢ to a rounded $2.83/gal.
The September ICE contract for Brent crude delivery fell 49¢ to $106.02/bbl. The October contract declined 46¢ to $106.53/bbl. The ICE gas oil contract for August dropped $6.25 to $887/tonne.
A price for the Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes was $103.57/bbl on July 31, losing $1.64.