• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours Reality catching up with EV forecasts
  • 2 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 11 days US Oil Independence is a myth and will always be a myth
  • 1 day A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 7 days The Federal Reserve and Money...Aspects which are not widely known
  • 12 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 16 days Natural gas price to spike when USA is out of the market
  • 15 days "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 15 days *****5 STARS - "The Markets are Rigged" by The Corbett Report

Energy Market Snapshot for April 13 2012

Friday the 13th's purported mojo seemed to have a very minor effect on the New York Mercantile Exchange, with miniscule losses across the board and a few gains.

The NYMEX Crude Future felt a minor dip, losing $0.81 or 0.78% to finish at $102.83 per barrel. The Brent price also saw a tiny loss, dropping $0.18 or 0.15% to finish at $121.58 per barrel. The WTI Cushing price mirrored the NYMEX crude future, dipping $0.81 or 0.78% to finish at $102.83 per barrel.

ADVERTISEMENT

The NYMEX Heating Oil Future saw a marginal gain, raising by 0.83 cents or 0.26% to finish at 317.46 cents per gallon. The NYMEX RBOB Gasoline Future saw a small dip, losing 1.06 cents or 0.26% to finish at 334.61 cents per gallon.

ADVERTISEMENT

In natural gas, the NYMEX Henry Hub Future saw no change in price, remaining at $1.98 per million British thermal units. In spite of this, the day still counted 0.10% loss towards the future. The Henry Hub spot price saw a very small drop, losing $0.02 or 1.06% to finish at $1.86 per MMBTU. The New York City Gate spot price saw a similar loss, losing $0.03 or 1.46% to finish at $2.03 per MMBTU.

Mid-Columbian electricity rallied after reaching its lowest point in over a year on Thursday, with the on-peak spot price increasing $2.55 or 20.61% to finish at $14.92 per megawatt hour. Palo Verde saw a marginal loss, dropping $0.12 or 0.56% to finish at $21.13 per MW-h. The Houston ERCOT price also saw a small dip, shedding $0.31 or 1.02% to finish at $30.00 per MW-h.

By. Shea Laverty for Oilprice.com

You can find more of Shea's work by clicking here.

All prices listed are in USD unless otherwise noted.
Data from Bloomberg.



Join the discussion | Back to homepage

ADVERTISEMENT


ADVERTISEMENT


Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News