Much Ado About Nothing
After starting off slow, the broader markets rallied throughout the day to close higher with the S&P 500 gaining 5 points to end the week at 1408. The energy complex was a mixed bag.
Brent traded lower Friday, while WTI ended higher to finish the week. On the NYMEX, May contracts for light, sweet crude gained 24 cents to $103.02 per barrel. May futures for Brent closed down slipping 49 cents to $122.88 per barrel.
Gasoline prices also fell on the day for May reformulated gasoline blendstock, dipping 3 cents to finish at $3.31 per gallon.
Natural gas still has not found the bottom. Year-to-date, natural gas prices have fallen nearly 29 percent. May futures fell 2.3 cents to settle at $2.126 per MMBtu.
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