WEEKLY: OIL BELOW

Crude oil futures prices ended last week trading lower. The New York Mercantile Exchange October crude oil contract fell $1.16 in trading Sept. 5 to $93.29/bbl. The November contract dropped $1 to settle at $92.71/bbl.

The October natural gas contract lost 2.6¢ to settle at a rounded $3.79/MMbtu. On the US cash market, gas at Henry Hub, La., was $3.84/MMbtu, down 5¢ for the second straight day.

Heating oil for October delivery was down 1.71¢ to a rounded $2.82/gal. Reformulated gasoline stock for oxygenate blending for October delivery declined 1.65¢ to a rounded $2.58/gal.

The October ICE contract for Brent crude delivery fell $1.01 to $100.82/bbl. The November contract declined 90¢ to $101.40/bbl. The ICE gas oil contract for September was lost $12 to $851.75/tonne.

The average price for the Organization of Petroleum Exporting Countries' basket of 12 benchmark crudes on Sept. 5 was $98.36/bbl, falling 77¢.

ogj.com