MARKET WATCH: Crude oil, gas futures start August lower

The New York Mercantile Exchange September crude oil contract declined 29¢ on Aug. 1, closing at $97.88/bbl. The October contract decreased 38¢ to $96.94/bbl.

The natural gas contract for September fell 4.3¢ to a rounded $3.80/MMbtu. On the US cash market, gas at Henry Hub, La., was $3.75/MMbtu, edging up a penny.

Heating oil for September delivery fell 2.38¢ to settle at a rounded $2.87/gal. Reformulated gasoline stock for oxygenate blending for September delivery lost 5.32¢ to a rounded $2.74/gal.

The September ICE contract for Brent crude delivery dropped $1.18 to $104.84/bbl. The October contract declined $1.02 to $105.51/bbl. The ICE gas oil contract for August was down $3.50 to $883.50/tonne.

A price for the Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes was $102.90/bbl on Aug. 1, a decline of 67¢.

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 ...