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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