Crude Prices Continue to Yo-Yo

Down Tuesday, up Wednesday, and now down again Thursday; the price of crude has definitely been bouncing around of late. Thursday's losses were pressured by the Chinese Manufacturing figures, which according to the HSBC purchasing managers' index fell to a four-month low of 48.1 in March.

WTI Intermediate crude futures suffered a loss of 1.8 percent, down $1.92 to settle at $105.35 per barrel on the NYMEX. Brent crude for the May contract also fell Thursday. Front-month Brent settled at $123.14 per barrel, or down $1.06, on Thursday.

Reformulated gasoline also fell in line, dropping less than one percent to settle 2 cents lower at $3.3396 per gallon.

Natural gas was one of the weaker energy commodities trading, falling 9 cents, or 3.9 percent, to $2.27 per MMBtu at settlement of the April contract.

 

WHAT DO YOU THINK?

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.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Project Engineer/Project Manager
Expertise: Project Management
Location: Baton Rouge, 
 
Sales Manager ADI
Expertise: Sales
Location: Pittsburgh, 
 
Community Relations Manager Job
Expertise: Legal|PR / Corporate Communications|Project Management
Location: Red Wing, MN
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours