Oil and natural gas down slightly

Source: Agencies | February 28, 2014, Friday |

Online Edition

Energy markets were relatively tame yesterday, with both oil and natural gas showing small declines.

Benchmark US crude for April delivery slipped 19 cents, or 0.2 percent, to close at US$102.40 a barrel on the New York Mercantile Exchange.

Natural gas futures fell 3 cents to US$4.51 per 1,000 cubic feet as weather forecasts indicate US households won't have to raise the thermostats so much in the second half of March.

Brent crude, which is used to set prices for international varieties of crude, was down 67 cents to US$108.85 on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

—Wholesale gasoline lost 4 cents at US$2.76 per gallon.

—Heating oil shed 4 cents to US$3.09 per gallon.

Energy

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Oil and natural gas down slightly

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