MARKET WATCH: Oil futures price keeps above $101/bbl

The New York Mercantile Exchange April crude oil contract closed at $101.56/bbl on Mar. 6, rising 11¢. The May contract rose 14¢ to $101.02/bbl.

Heating oil for April delivery edged down just shy of a penny to a rounded $2.98/gal. Reformulated gasoline stock for oxygenate blending for April delivery was up about half a cent to a rounded $2.95/gal.

The April natural gas contract increased 13.9¢ to a rounded $4.66/MMbtu. On the US spot market, the gas price at Henry Hub was a rounded $4.93/MMbtu, tumbling $1.58.

In London, the April ICE contract for Brent crude delivery added 34¢, closing at $108.10/bbl. The May contract jumped 28¢ to close at $107.57/bbl. The ICE gas oil contract for March lost $7 to $904.75/tonne.

The Organization of Petroleum Exporting Countries reported its basket of 12 benchmark crudes was $104.37/bbl on Mar. 6, down 87¢.

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

Whitepapers

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...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...