Energy Prices Lower in Tight Range
January 11, 2006
Futures traders at the New York Mercantile Exchange kept a tight rein Wednesday on energy prices ahead of a key supply report.
The U.S. Energy Department was to release inventory data for last week later in the day. Analysts expect the report to show that energy commodity supplies have risen.
Meanwhile, high-quality crude oil for February delivery was off 20 cents to $63.17 a barrel, and natural gas was down 10.6 cents at $9.23 per million Btu.
Gasoline was down 0.64 cents at $1.7307 a gallon and heating oil was down 0.54 cent at $1.7325 a gallon.