By the OGJ Online Staff
HOUSTON, Oct. 16 -- Energy futures prices continued to decline, although at a slower rate Monday, in nervous international markets.
The November contract for benchmark US sweet, light crudes dropped 21¢ to $22.29/bbl on the New York Mercantile Exchange, while the December contract fell 24¢ to $22.58/bbl. In after-hours electronic trading, the November contract remained steady as the December position dipped to $22.57/bbl.
Home heating oil for November delivery lost 0.73¢ to 63.11¢/gal. Unleaded gasoline for the same month retreated 0.39¢ to 59.71¢/gal. The November natural gas contract declined by 5.2¢ to $2.38/Mcf on the NYMEX.
In London, the November contract for North Sea Brent Oil lost 5¢ to $21.68/bbl on the International Petroleum Exchange, while the December Brent position declined 8¢ to $21.72/bbl. The November natural gas contract was down 6.4¢ to the equivalent of $3.14/Mcf.
The average price for the Organization of Petroleum Exporting Countries' basket of seven crudes lost 19¢ to $19.63/bbl Monday.