On Monday, oil prices bounded more than USD 77 a barrel in Asia, extending gains for a second trading day after a leak forced the closure of a Chicago-area oil pipeline and disrupted supplies to U.S. Midwest refineries.
On the New York Mercantile Exchange, Benchmark crude for October delivery was upbeat 70 cents to USD 77.15 a barrel at late afternoon Singapore time in electronic trading. The contract rose USD 2.20 to settle at USD 76.45 on Friday.
In other Nymex trading in October contracts, heating oil was upbeat 1.2 cents at USD 2.116 a gallon and gasoline added 1.47 cents to USD 1.988 a gallon. Natural gas fell 3.2 cents to USD 3.851 per 1,000 cubic feet.
On the ICE Futures exchange,Brent crude rose 49 cents to USD 78.80 a barrel, In London.
- Crude oil trades at approximately USD 74.89/bbl
- BMD CPO futures upbeat 1.7%; Dalian, demand perspective
- Oil price resolves near to USD 74 a barrel
- Oil bounds more than USD 75 a barrel
- Oil cascades to near USD 75 a barrel
- Oil scales to near USD 76 a barrel
- Oil cascades near to USD 75 a barrel
- Buy MCX gold Oct agreement at Rs 18,870
- Oil cascades near to USD 72 a barrel
- Oil climbs above USD 75 a barrel
