MARKET WATCH: Crude oil futures remain above $100/bbl benchmark
The New York Mercantile Exchange March crude contract edged down 2¢ on Feb. 13, closing at $100.35/bbl. The April contract gained 13¢ to settle at $100.05/bbl.
Heating oil for March delivery was up 1.82¢ to a rounded $3.03/gal. Reformulated gasoline stock for oxygenate blending for March delivery increased 1.41¢ to a rounded $2.78/gal.
The March natural gas contract on NYMEX jumped 40.1¢ to a rounded $5.22/MMbtu. On the US spot market, the gas price at Henry Hub, La. was a rounded $5.34/MMbtu, declining 94¢.
In London, the March ICE contract for Brent crude delivery was down 6¢, closing at $108.73/bbl, while the April contract was up 17¢ to 108.52/bbl. The ICE gas oil contract for March fell $1 to $918.50/tonne.
The Organizational of Petroleum Exporting Countries reported its basket of 12 benchmark crudes was $105.27/bbl on Feb. 13, down 19¢.