Thursday, April 17th15.1°C
21104
21135

Oil falls slightly; natural gas gains on stormy weather, forecast for cold

NEW YORK, N.Y. - The price of oil fell slightly Monday, the first decline in seven trading sessions.

Benchmark U.S. crude for January delivery slipped 31 cents to US$97.34 a barrel on the New York Mercantile Exchange. Oil had gained $5.35 a barrel, or 5.8 per cent, over the previous six trading days.

Meanwhile, natural gas rose above $4.20 for the first time since May 28, on the likelihood that homeowners turned up the heat to try to shake off the effects of two wintry storms that plowed across the country. Forecasts are for colder than normal temperatures in the Midwest this week.

Natural gas futures rose 12 cents, or 2.9 per cent, to $4.23 per $1,000 cubic feet.

U.S. drivers who braved the rough conditions in many areas paid an average of $3.26 a gallon for gasoline. That's down nine cents from this time a year ago.

Brent crude, a benchmark for international oils, dropped $2.22 at $109.39 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline rose lost one cent to $2.67 a gallon.

— Heating oil lost four cents to $3.01 a gallon.

___

(TSX:ECA, TSX:IMO, TSX:SU, TSX:HSE, NYSE:BP, NYSE:COP, NYSE:XOM, NYSE:CVX, TSX:CNQ, TSX:TLM, TSX:COS.UN, TSX:CVE)

The Canadian Press


Read more Business News

21596


Recent Trending




Today's Market
S&P TSX14500.39+53.87
S&P CDNX998.770.80
DJIA16408.54-16.31
Nasdaq4095.516+9.291
S&P 5001864.85+2.54
CDN Dollar0.9083+0.0005
Gold1293.80-9.2999
Oil104.53+0.77
Lumber326.10-2.70
Natural Gas4.731+0.201

 
Okanagan Companies
Pacific Safety0.115+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.29+0.07
Cantex0.055+0.01
Anavex Life Sciences0.3750.00
Metalex Ventures0.08+0.005
Russel Metals30.66+0.11
Copper Mountain Mining2.35-0.07
Colorado Resources0.255-0.01
ReliaBrand Inc0.12-0.01
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.25+0.02

 
19691


21100

FEATURED Property
1909075Swap Trade Your Large Yard/Acre(s) for 5 Bdrm Lakeview Home! KELOWNA
more details
image2image2
Click here to feature your property
Please wait... loading


Time spent prospecting

How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...


Valuation fears grip markets

The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...


Quick and nimble

Photo: ContributedFor many businesses this has been a tremendously difficult time since the 2008 crisis. Business fell off. Sales techniques that always worked, well… stopped working. Customers...

_



21641

21604


Member of BC Press Council


21202