MARKET WATCH: Oil, gas futures prices end week lower
The New York Mercantile Exchange January crude contract closed the week down on Dec. 13, losing 90¢ to close at $96.60/bbl. The February contract lost 89¢ to settle at $98.66/bbl.
Heating oil for January delivery edged down less than a cent, settling at a rounded $2.98/gal. Reformulated gasoline stock for oxygenate blending for January delivery also edged down less than a penny to a rounded $2.63/gal.
The January natural gas contract on NYMEX fell 5.8¢ to settle at a rounded $4.35/MMbtu. On the US spot market, the gas price at Henry Hub, La., was a rounded $4.38/MMbtu, decreasing 2.2¢.
In London, the January ICE contract for Brent crude oil gained 16¢, closing at $108.83/bbl. The ICE gas oil contract for January dropped $7.75 to settle at $917.75/tonne.
The Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes closed at $105.95/bbl on Dec. 13, falling $1.01.