Newspaper article THE JOURNAL RECORD

Traders Cashing in Gains Cut Energy Prices in Lower

Newspaper article THE JOURNAL RECORD

Traders Cashing in Gains Cut Energy Prices in Lower

Article excerpt

Energy futures prices fell Monday as traders cashed in gains from a rally late last week. Trading was light with little news to influence dealings.

On the spot cash market, Phillips 66 Co. lowered posted prices by 50 cents for crude oil out of the Oklahoma and Texas panhandles, posting Oklahoma Sweet and West Texas Intermediate at $17.75 a barrel.

Light sweet crude oil for January delivery settled at $19.09 a barrel on the New York Mercantile Exchange, unchanged from Friday. Last week, oil gained 15 cents.

In London, North Sea Brent Blend crude oil for January delivery settled at $18.02 a barrel, down 8 cents, on the International Petroleum Exchange.

Natural gas prices were lower on the New York Mercantile Exchange, with January contracts closing at $2.030 per 1,000 cubic feet, down 5.9 cents.

Home heating oil for January delivery settled at 54.18 cents a gallon, down 0.54 cents.

Unleaded gasoline staged a small advance, with the contract for January delivery settling at 52. …

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