MARKET WATCH: Crude futures prices gain some traction in New York

Oct. 17, 2014
The New York Mercantile Exchange November crude oil contract gained 92¢ on Oct. 16, closing at $82.70/bbl. The December contract price rose $1.01 to $81.95/bbl.

The New York Mercantile Exchange November crude oil contract gained 92¢ on Oct. 16, closing at $82.70/bbl. The December contract price rose $1.01 to $81.95/bbl.

The natural gas contract for November was virtually unchanged at a rounded $3.80/MMbtu. The cash gas price at Henry Hub, La., closed at $3.79/MMbtu, down 3¢.

Heating oil for November delivery was up 1.17¢ to a rounded $2.47/gal. Reformulated gasoline stock for oxygenate blending for November delivery was up 6.22¢ to a rounded $2.21/gal.

The November ICE contract for Brent crude oil gained 69¢, closing at $84.47/bbl. The December contract rose $1.70 to $85.82/bbl. The ICE gas oil contract for November fell $6.50 to settle at $726.25/tonne.

The average price for OPEC’s basket of 12 benchmark crudes was $81.17/bbl on Oct. 16, losing 72¢.