Crude was seen to drop to record lows earlier this week reaching $77.61 per barrel only to recover throughout the week to more comfortable levels. However prices dipped again yesterday causing Oil Prices to sit at $82.06 before settling down at $82.59 per barrel on Thursday.
Meanwhile the ICE Futures Exchange reported Bent Crude down $1.16 placing it at $104.59 per barrel on Thursday 6th October 2011. The dip in value doesn't yet see the record low of $101.71 we had last week and hopefully this means we'll see the prices stabilise again in the coming week.
As for other natural resource trading, heating oil fell 2.3 cents to $2.838 per gallon, gasoline futures fell 2.8 cents to $2.658 per gallon and finally natural gas lost 3.6 cents to $3.562 per 1,000 cubic feet.
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