Market watch: NYMEX prices mostly unchanged

Oil and products prices on the New York Mercantile Exchange Friday closed more or less on track with Thursday's close. In traders' minds, a bearish American Petroleum Institute oil stocks report battled with worries about another proposed Organization of Petroleum Exporting Countries output cut.

Apr 2nd, 2001


By the OGJ Online Staff


HOUSTON, Apr. 2�Oil and products prices on the New York Mercantile Exchange Friday closed more or less on track with Thursday's close.

In traders' minds, a bearish American Petroleum Institute oil stocks report battled with worries about another proposed Organization of Petroleum Exporting Countries output cut.

The May contract for light, sweet crude fell 3� to $26.29/bbl. The April contract rose 9� to $26.57.

The April contract for No. 2 heating oil fell 2.12� to 75.67�/gal. The May contract fell 0.05� to 70.42�/gal.

Gasoline rose 0.16� to settle at 92.08� for April delivery, and rose 0.41� to close at 91.76�/gal for May delivery.

Natural gas bucked the trend. The May contract rose 24.9� to $5.025/Mcf, while the June contract rose 25.5� to settle at $5.072/Mcf.

In London on the International Petroleum Exchange, the May contract for Brent crude rose 24� to $24.74/bbl. The June contract rose 18� to $24.92/bbl.

Also on the IPE, the May natural gas contract declined 5� to the equivalent of $3.06/Mcf.

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