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.

 

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Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours