MARKET WATCH: Crude oil futures prices maintain buoyancy above $101/bbl

The New York Mercantile Exchange June crude oil contract price dropped 87¢ on May 15, closing at $101.50/bbl. The July contract fell 61¢ to $101.13/bbl.

The New York Mercantile Exchange June crude oil contract price dropped 87¢ on May 15, closing at $101.50/bbl. The July contract fell 61¢ to $101.13/bbl.

The June natural gas contract was up 10.2¢ to a rounded $4.47/MMbtu. The July contract gained 10.7¢ to a rounded $4.48/MMbtu.

Heating oil for June delivery lost 1.2¢ to settle at a rounded $2.95/gal. Reformulated gasoline stock for oxygenate blending for June delivery edged down about half a cent to a rounded $2.96/gal.

In London, the June ICE contract for Brent crude delivery was up 25¢, closing at $110.44/bbl. The July contract, meanwhile, was down 22¢ to settle at $109.09/bbl. The ICE gas oil contract for June relinquished $1.25 to $914/tonne.

The Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes on May 15 was $105.66/bbl, rising 4¢.

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