Energy Prices Ended Mixed
MARKETSCOPE : Energy prices ended mixed on Monday, as investors continued eyeing supply and demand dynamics in the market.
January West Texas Intermediate crude oil rose 49 cents to $57.70 and December heating oil futures rose 1.33 cents to 170.95 cents, while December gasoline futures slipped 50 cents to 145.73 cents.
December natural gas futures fell 8 cents to $11.33, even though Meteorlogix forecasts higher than normal consumption of heating fuels in the U.S. northwest. The U.S. Minerals Management Service says Gulf of Mexico output last week remained 47% below normal after the hurricane disruptions. Still, observers note that there are ample supplies of energy heading into winter.