Oil Barely Changed; US Gas Prices at 3-Month Lows
Lacking any catalysts, the price of oil barely changed Monday. Meanwhile, gasoline prices in the U.S. slipped to three-month lows.
Benchmark U.S. crude for August delivery rose 8 cents at $100.91 a barrel on the New York Mercantile Exchange. The Nymex contract fell 3.1 percent last week, and is down 4.3 percent so far in July. Brent crude, a benchmark for international oils, gained 45 cents to $107.71 on the ICE Futures exchange in London.
The average price for a gallon of gasoline in the U.S. is $3.61, the lowest since April 10, according to AAA. Gas is about 4 cents cheaper than a week ago, but drivers are still paying around a penny more than at this time last year.
In other Nymex trading:
— Wholesale gasoline added 2 cents to $2.93 a gallon.
— Natural gas was flat at $4.15 per 1,000 cubic feet.
— Heating oil gained 1 cent to $2.87 a gallon.
This article appeared in print in edition of Hamodia.
To Read The Full Story
Are you already a subscriber?
Click "Sign In" to log in!
Become a Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Become a Print + Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Renew Print + Web Subscription
Click “Renew Subscription” below to begin the process of renewing your subscription.