MARKET WATCH: Crude oil futures end trading session higher in New York

Crude oil futures prices trended upwards Aug. 28, ending the day’s trading session higher, while the ICE contract for Brent retreated.

Crude oil futures prices trended upwards Aug. 28, ending the day’s trading session higher, while the ICE contract for Brent retreated.

The New York Mercantile Exchange October crude oil contract gained 67¢ on Aug. 28, closing at $94.55/bbl. The November contract rose 49¢ to $93.83/bbl.

The natural gas contract for October increased 4.1¢ to a rounded $4.04/MMbtu. On the US cash market, gas at Henry Hub, La., was $4.02/MMbtu, up 3¢.

Heating oil for September delivery edged down 1.15¢ to a rounded $2.85/gal. Reformulated gasoline stock for oxygenate blending for September delivery edged up less than a penny to remain at a rounded $2.75/gal.

The October ICE contract for Brent crude delivery declined 26¢ to $102.46/bbl, while the November contract fell 36¢ to $103.12/bbl. The ICE gas oil contract for September gained 50¢ to $865/tonne.

The average price for the Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes on Aug. 28 was $99.97/bbl, dropping 9¢.

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