• 3 minutes Contradictory: Euro Zone Takes Step To Deeper Integration, Key Issues Unresolved
  • 7 minutes USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 11 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 14 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 6 hours $867 billion farm bill passed
  • 3 hours Venezuela continues to sink in misery
  • 8 mins Waste-to-Energy Chugging Along
  • 2 hours U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 16 hours Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 16 hours Has Global Peak Diesel Arrived?
  • 2 hours No, The U.S. Is Not A Net Exporter Of Crude Oil
  • 1 hour Regular Gas dropped to $2.21 per gallon today
  • 8 hours What will the future hold for nations dependent on high oil prices.
  • 1 min Zohr Giant Gas Field Increases Production Six-Fold
  • 8 hours Air-to-Fuels Energy and Cost Calculation
  • 1 day How High Can Oil Prices Rise? (Part 2 of my previous thread)
IEA: OPEC+ Has Put “A Floor Under Prices”

IEA: OPEC+ Has Put “A Floor Under Prices”

The IEA thinks that OPEC…

Is This The Answer To Global Warming?

Is This The Answer To Global Warming?

As the world attempts to…

NYMEX Energy Snapshot for April 11 2012

Wednesday was a day of marginal changes for the NYMEX market, with exceptionally modest gains and losses being the general order of the day.

The NYMEX Crude future made no changes up or down, remaining at $102.70 per barrel. The Brent price experienced an extremely mild loss, dipping $0.03 per barrel or 0.03% to finish at $120.29 per barrel. The WTI Cushing price saw a modest gain, raising $1.68 per barrel or 1.66% to finish at $102.70 per barrel.

The NYMEX Heating Oil future slipped minutely, losing 0.26 cents per gallon or 0.08% and finishing at 311.23 cents a gallon. The NYMEX RBOB Gasoline future felt a similar loss, losing 0.23 cents per gallon or 0.07% and finishing at 329.32 cents per gallon.

Natural gas saw very little change, with the NYMEX Henry Hub Future neither dipping or rising in value but still losing 0.05% to finish at $1.98 per million British thermal unit. The Henry Hub price saw a the largest relative loss for the day, dropping $0.07 per MMBTU or losing 3.54% to finish at $1.91 per MMBTU. The New York City Gate price saw a similar loss, dipping $0.06 per MMBTU or 2.79% to finish at $2.09 per MMBTU.

In electricity, the Mid-Columbia on-peak spot price made a minimal recovery after Tuesday's considerable loss, gaining $0.20 per megawatt hour or 1.36%, finishing at $14.94 per MW-h. Palo Verde's on-peak price also made a modest gain, raising $0.38 per MW-h or 1.83% to finish at $21.15 per MW-h. The Houston ERCOT on-peak rice saw a small dip, losing $0.31 per MW-h 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

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News