MARKET WATCH: Crude oil futures prices end month higher

Crude oil futures prices ended the week higher Feb. 28 and overall, ended the month higher as well.

The New York Mercantile Exchange April crude contract gained 19¢ on Feb. 28 to close at $102.59/bbl. The May contract rose 27¢ to settle at $101.89/bbl.

Heating oil for March delivery was virtually unchanged at a rounded $3.09/gal. Reformulated gasoline stock for oxygenate blending for March delivery was up 2.8¢ to a rounded $2.79/gal.

The April natural gas contract on NYMEX gained 9.8¢ to a rounded $4.61/MMbtu. On the US spot market, the gas price at Henry Hub was $4.74/MMbtu, up 17¢.

In London, the April ICE contract for Brent crude delivery gained 11¢, closing at $109.07/bbl. The May contract increased 9¢ to $108.63/bbl. The ICE gas oil contract for March was up $2.50 to $920.75/tonne.

The Organizational of Petroleum Exporting Countries reported its basket of 12 benchmark crudes was $105.92/bbl on Feb. 28, down 18¢.

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