New York—Crude futures settled nearly flat August 20 after seesawing back and forth on earlier news that Germany’s Bundesbank was going to stand firm against a European Central Bank bond-buying proposal. NYMEX September crude, which expires August 21, settled 4 cents lower at $95.97/ barrel. NYMEX September products futures settled slightly higher, with heating oil up a scant 5 points at $3.0931/gal and RBOB up 33 points at $3.0308/gal. ICE October Brent settled virtually flat, falling just 1 cent to $113.70/b.
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