Tuesday, June 30th30.9°C
26264
26336

Crude oil exists February with gain of 5%; naural gas off 7%

NEW YORK, N.Y. - The price of oil rose slightly Friday, finishing February with a gain of five per cent for the month.

Benchmark West Texas Intermediate crude for April delivery rose 19 cents to close at US$102.59 a barrel on the New York Mercantile Exchange. For all of February, oil gained US$5.10 a barrel.

U.S. refineries needed crude oil to make heating oil and diesel as frigid and stormy weather boosted demand.

Natural gas ended a wild month by gaining 10 cents Friday to US$4.61 per 1,000 cubic feet.

The price soared in the middle of the month as homeowners raised the thermostat and supplies fell sharply. But those gains quickly evaporated as forecasts called for warmer temperatures by the middle of March. For February, natural gas futures lost 33 cents, or nearly seven per cent.

Brent crude, which is used to set prices for international varieties of crude, rose 11 cents to US$109.07 on the ICE Futures exchange in London on Friday.

In other energy futures trading on Nymex, wholesale gasoline rose three cents to US$2.79 a U.S. gallon (3.79 litres) and heating oil was flat at US$3.09 per gallon.

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

The Canadian Press


Read more Business News

25608


Recent Trending




Today's Market
S&P TSX14553.33+63.18
S&P CDNX671.49+4.40
DJIA17619.51+23.16
Nasdaq4986.87+28.40
S&P 5002063.11+5.47
CDN Dollar0.8012+0.0006
Gold1171.10-7.40
Oil59.56+0.60
Lumber288.40-3.80
Natural Gas2.823+0.018

 
Okanagan Companies
Pacific Safety0.16-0.01
Knighthawk0.010.00
QHR Technologies Inc1.52-0.01
Cantex0.04-0.01
Anavex Life Sciences0.45+0.03
Metalex Ventures0.075+0.010
Russel Metals22.73+0.05
Copper Mountain Mining1.16-0.01
Colorado Resources0.08-0.02
ReliaBrand Inc0.006-0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.185+0.015
Decisive Dividend Corporation2.50+0.42

 



26563

FEATURED Property
22624621529 Eagle Rock Rd
4 bedrooms 2 baths
$454,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...


Renovation dreaming

Photo: Thinkstock.comDreaming of a new fire pit? A deep soaker tub?With summer on its way, lots of families have renovations on their minds. Did you know that home buyers can apply for a Purchase Plus...

_



26870




Member of BC Press Council


24697