MARKET WATCH: NYMEX, Brent crude prices lower

Nov. 25, 2019

Oil benchmarks on markets in New York and London settled lower Nov. 22.

The light, sweet crude contract for January on the New York Mercantile Exchange fell 81¢ to $57.77/bbl on Nov. 22. The February decreased 75¢ to settle at $57.66/bbl.

The NYMEX natural gas price for December rose nearly 10¢ to a rounded $2.67/MMbtu. The January contract was up a rounded 9¢ to $2.71/MMbtu.

Ultralow-sulfur diesel for December fell over 1¢ to a rounded $1.93/gal. The NYMEX reformulated gasoline blendstock for December dropped 3¢ to $1.67/gal.

Brent crude oil for January fell 58¢ to $63.39/bbl on London’s International Commodity Exchange. The February contract fell 57¢ to $62.37/bbl. The gas oil contract for December was $581.75/tonne on Nov. 22, up $2.75.

The Organization of Petroleum Exporting Countries’ basket of crudes for Nov. 22 was $64.56/bbl, up 88¢.

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