After big drop Friday, oil prices stable on Monday

Published July 14, 2014 9:36 am
Crude • Ended day at $100 a barrel; gasoline is selling for its lowest price since April 10.
This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

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.

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