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2014-11-04 19:40:00

OIL FUTURES LOWER

OIL FUTURES LOWER

The New York Mercantile Exchange December crude oil contract fell 58¢ on Oct. 31, closing at $80.54/bbl. The January 2015 contract fell 48¢ to $80.42/bbl.

The natural gas contract for December gained 4.6¢ to a rounded $3.87/MMbtu. The cash gas price at Henry Hub, La., was $3.80/MMbtu, up 6¢.

Heating oil for November delivery edged up slightly to a rounded $2.52/gal. Reformulated gasoline stock for oxygenate blending for November delivery lost 2.63¢ to a rounded $2.17/gal.

The December ICE contract for Brent crude oil was down 38¢ to $85.86/bbl. The January 2015 contract fell 36¢ to $86.34/bbl. The ICE gas oil contract for November declined $4.75, settling at $741.75/tonne.

The average price for OPEC's basket of 12 benchmark crudes was $81.97/bbl on Oct. 31, losing 82¢.

ogj.com

Tags: OIL, GAS, PRICES, OPEC
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