MARKET WATCH: November crude prices buck trend, end week up slightly
The New York Mercantile Exchange November crude oil contract gained 5¢ on Oct. 10, closing at $85.82/bbl. The December contract, meanwhile, dropped $1.48 to settle at $85.11/bbl.
The natural gas contract for November edged up 1.4¢ to a rounded $3.86/MMbtu. The cash gas price at Henry Hub, La., closed at $3.86/MMbtu on Oct. 10, unchanged from Thursday.
Heating oil for November delivery fell 1.57¢ to a rounded $2.56/gal. Reformulated gasoline stock for oxygenate blending for November delivery fell 6.09¢ to a rounded $2.26/gal.
The November ICE contract for Brent crude oil was up 16¢ to close at $90.21/bbl. The December contract gained 21¢ to $90.58/bbl. The ICE gas oil contract for October remained $766.25/tonne, unchanged from Thursday.
The average price for OPEC’s basket of 12 benchmark crudes was $86.43/bbl on Oct. 10, falling $1.84.