Market watch, Oct. 4

Energy futures were mostly down in trading on international markets Tuesday. The influx of crude promised by the Organization of Petroleum Exporting Countries and the release of oil from the US Strategic Petroleum Reserve contributed to ease supply concerns, as did a 3.4-million-bbl rise in US crude oil stocks reported by the American Petroleum Institute.


Energy futures were mostly down in trading on international markets Tuesday. The influx of crude promised by the Organization of Petroleum Exporting Countries and the release of oil from the US Strategic Petroleum Reserve contributed to ease supply concerns, as did a 3.4-million-bbl rise in US crude oil stocks reported by the American Petroleum Institute.

On the New York Mercantile Exchange, the November contract for benchmark light, sweet crude fell 11� to close at $32.07/bbl, while the December contract fell 1� to close at $31.85.

Also on the NYMEX, the November contract for natural gas fell 4� to close at $5.348/Mcf.

Products prices on the NYMEX were somewhat mixed. No. 2 heating oil for November delivery rose 30� to close at 96.35�/gal, while the December contract rose 50� to 95.98�/gal. Gasoline fell 26� to close at 88.05�/gal for November delivery, and the December contract rose 9� to close at 86.96�/gal.

On the International Petroleum Exchange in London, the November contract for Brent crude oil fell 3� to close at the equivalent of $31.05/bbl. The December contract rose 14� to close at $31.17/bbl.

Also on the IPE, the November natural gas contract closed up 5�, at the equivalent of $3.46/Mcf.

Gas oil closed at $298.25/tonne for October delivery, up $1.

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