Crude oil and natural gas prices update for 10th of November

Crude oil price: after a slow start from the beginning of the week it seems that there is starting a small rely as it pick up a bit of action and climb gradually to the 90USD/b mark, yet crude oil price still shy by roughly two dollars from this mark.

On the other hand, after natural gas spot price (Henry Hub) had a steady increase all week, it started to settle and drop a bit nearing the 4 USD MMBTU mark.

Energy Prices

The crude oil price of futures for December 2010, as of 18.53PM GMT, on the New York Mercantile Exchange (Nymex), is at 87.71 USD per barrel, which represents a 0.99 dollar increase or a 1.14% incline.

The crude oil price (WTI spot) settled yesterday at the closing of the trade at 87.81 USD per barrel, a decrease of 1.42% compare to the previous day’s rate as of 16.00PM GMT.

The ICE Brent crude oil price (futures for December 2010) reached 88.33 USD per barrel – a 0.897 percent increase as of 17.30PM GMT.

The natural gas prices also rallied a bit after it dropped yesterday and is now being traded, as of 18.52PM GMT, the Nymex Henry Hub Future price for December 2010 is at 4.04$ MMBTU(one million BTU) which is a 4.04 % decrease or 0.17$.