Crude oil futures prices continued to gain traction after falling steeply earlier this week (OGJ Online, Aug. 20, 2014).
The natural gas contract for September was up 6.6¢ to a rounded $3.89/MMbtu. On the US cash market, gas at Henry Hub, La., stood at $3.87/MMbtu, up 2¢.
Heating oil for September delivery edged up 1.17¢ to a rounded $2.84/gal. Reformulated gasoline stock for oxygenate blending for September delivery increased 3.49¢ to a rounded $2.75/gal.
The October ICE contract for Brent crude delivery gained 35¢ to $102.63/bbl. The November contract rose 41¢ to $103.36/bbl. The ICE gas oil contract for September was up another $1.75 to $859.25/tonne.
The average price for the Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes was $99.03/bbl on Aug. 21, falling 49¢.