Written on: August 8, 2018

Energy Futures Trade High Again

Wednesday, August 8, 2018

Energy futures traded higher on Tuesday, amid US sanctions against Iran being re-imposed, a downwardly-revised US production forecast by the Energy Information Administration, and strength in US equity indexes. WTI crude added 16 cents for a $69.17 a barrel settlement and Brent crude gained 90 cents to settle at $74.65. Heating oil closed 2.98 cents higher at $2.1691 per gallon, while gasoline pushed up 3.89 cents and closed at $2.1040. Natural gas futures rose 3.7 cents to settle at $2.897 per MMBTU.