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Oil prices end lower after last week's gains as Gulf storm threat passes


Tuesday, 16 July 2019 03:16 WIB

Minyak WTIMinyak jenis Brent


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Oil futures settled lower Monday, giving back a portion of last week's sizable gains, as production in the Gulf of Mexico began a post-storm recovery.

August West Texas Intermediate crude fell by 63 cents, or 1.1%, to settle $59.58 a barrel on the New York Mercantile Exchange, pulling back after finishing last week with a 4.7% gain.

Meanwhile, international benchmark September Brent lost 24 cents, or 0.4%, to $66.48 a barrel on ICE Futures Europe. Brent gained 3.9% last week.

Natural-gas futures, meanwhile, declined Monday, with August natural gas down 4.5 cents, or 1.8%, at $2.408 per million British thermal units.

Rounding out energy trading on Nymex, August gasoline lost 4.7 cents, or 2.4%, to $1.9303 a gallon, while August heating oil settled at $1.9516 a gallon, down by 2.9 cents, or 1.4%.

Source: Marketwatch


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