A Slight Stumble While Trying to Peek Over the Fence

After trying to peek over the fence (i.e. approaching the 52-week high last week), the crude complex's rally halted Monday as the U.S. dollar strengthened.

Both Brent and WTI crude gave back some ground throughout Monday. Light, sweet crude for April delivery on the NYMEX fell $1.21 to $108.56 per barrel. April futures on the ICE for Brent crude settled at $124.17 per barrel, a decline of $1.30 from Friday's close.

April reformulated gasoline blendstock, RBOB, lost 2 cents to finish at $3.30 per gallon. Over the weekend, several cries for "Uncle" were voiced across media outlets as the average retail price for regular unleaded gasoline was seen approaching $3.70 per gallon.

Natural gas also faltered, falling 9 cents to settled at $2.60 per MMBtu for the April Henry Hub contract.



Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Channel Development Manager Job
Expertise: Business Development|Sales
Location: Minneapolis, MN
Pipeline Sales Representative 2
Expertise: Sales
Location: Washington, PA
US Denver: Trade Finance Specialist
Expertise: Energy / Commodity Trading|Financial Analyst
Location: Denver, CO
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours