MARKET WATCH: Oil futures prices gain ground after steep fall early in week

Crude oil futures prices continued to gain traction after falling steeply earlier this week (OGJ Online, Aug. 20, 2014).

The New York Mercantile Exchange October crude oil contract increased 51¢ on Aug. 21, closing at $93.96/bbl. The November contract rose 50¢ to $93.38/bbl.

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¢.

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