MARKET WATCH: Front-month crude oil contract closes up, gas down on week

The front-month crude oil contract ended the week higher Mar. 21 while natural gas futures prices edged slightly lower.

The New York Mercantile Exchange May crude oil contract gained 56¢ on Mar. 21, closing at $99.46/bbl, while the June contract increased 60¢ to settle at $98.65/bbl.

The April natural gas contract was down 5.6¢ to a rounded $4.31/MMbtu. On the US spot market, the gas price at Henry Hub was not available.

Heating oil for April delivery was virtually unchanged at a rounded $2.92/gal. Reformulated gasoline stock for oxygenate blending for April delivery edged up 1.24¢ to a rounded $2.91/gal.

In London, the May ICE contract for Brent crude delivery rose 47¢, closing at $106.92/bbl. The June contract gained 42¢ to $106.66/bbl. The ICE gas oil contract for April jumped $11.75 to $900.50/tonne.

The Organization of Petroleum Exporting Countries reported its basket of 12 benchmark crudes was $103.30/bbl on Mar. 21, tallying 93¢.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...