Like The Herald Business Journal on Facebook!
The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us
Heraldnet.com

The top local business stories in your email

Contact Us:

Josh O'Connor
Publisher
Phone: 425-339-3007
joconnor@heraldnet.com

Maureen Bozlinski
General Sales Manager
Phone: 425-339-3445
Fax: 425-339-3049
mbozlinksi@heraldnet.com

Jim Davis
Editor
Phone: 425-339-3097
jdavis@heraldnet.com

Site address:
1800 41st Street, S-300,
Everett, WA 98203

Mailing address:
P.O. Box 930
Everett, WA 98206

HBJ RSS feeds

Oil prices rise above $104; natural gas sinks

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon
Associated Press
Published:
The price of oil rose more than a $1 for the third time in the last four trading days, and closed above $104 for the first time since July 3.
Benchmark U.S. crude for August delivery rose $1.46 to $104.59 on the New York Mercantile Exchange. On Friday, the Nymex contract fell 6 cents to $103.13. Oil has gained 4.6 percent over the past four trading sessions.
Brent crude for September delivery, a benchmark for international oils, gained 44 cents to $107.68 on the ICE exchange in London.
Meanwhile, natural gas prices sank further below $4 on forecasts for cooler temperatures in parts of the U.S. Natural gas supplies havenít been dropping as quickly this summer, as milder temperatures compared with last year reduce the need for homeowners to run the air conditioning full tilt.
Natural gas fell 10 cents to $3.85 per 1,000 cubic feet.
At the pump, gasoline prices inched lower to an average of $3.57. Thatís down 4 cents from a week ago and 11 cents cheaper than at this time last year.
In other Nymex trading:
ó Wholesale gasoline rose 3 cents to $2.89 a gallon.
ó Heating oil gained 1 cent to $2.86 a gallon.

MORE HBJ HEADLINES

CALENDAR

Market roundup