MARKET WATCH: Crude oil futures end week lower

Although there was an uptick in crude prices Jan. 10 in New York markets, futures prices ended last week lower.

Although there was an uptick in crude prices Jan. 10 in New York markets, futures prices ended last week lower.

The New York Mercantile Exchange February crude contract was up $1.06 on Jan. 10, closing at $92.72/bbl. The March contract also gained $1.06 to settle at $92.95/bbl.

Heating oil for February delivery increased 1.93¢ to a rounded $2.94/gal. Reformulated gasoline stock for oxygenate blending for February delivery added 2.65¢, settling at a rounded $2.67/gal.

The February natural gas contract on NYMEX claimed an additional 4.8¢ to settle at a rounded $4.05/MMbtu. On the US spot market, the Jan. 10 gas price at Henry Hub was a rounded $3.97/MMbtu, losing 17.1¢.

In London, the February ICE contract for Brent crude oil jumped 86¢, closing at $107.25/bbl. The March Brent contract improved 65¢ to settle at $106.61/bbl. The ICE gas oil contract for January was unchanged from Jan. 9 at $907.25/tonne.

OPEC did not post a price for its basket of 12 benchmark crudes on Jan. 10. It was $104.35/bbl on Jan. 9.

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