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 a gallon, 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.

Join the Discussion
You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus
 
You Might Also Like...