Cameron Hanover consultants stated in a report, oil prices have remained ``remarkably resilient, ``.
On the New York Mercantile Exchange, Benchmark crude began the month just shy of USD 73 a barrel. The price for Sept delivery added 59 cents to settle at USD 78.95 a barrel.
In other Nymex trading, heating oil for August delivery added 0.55 cent to settle at USD 2.0427 a gallon. Because that contract expires Friday, much of the trading has moved to the September contract, where the price rose 1.85 cents to USD 2.0881 a gallon.
The August contract for gasoline, which also expires Friday, expanded 0.92 cent to USD 2.1066 a gallon. The September contract rose 2.14 cents to USD 2.1224 a gallon.
Natural gas for September delivery added 9.6 cents to USD 4.923 per 1,000 cubic feet.
On the ICE futures exchange, Brent crude settled up 59 cents at USD 78.18 a barrel.
- Oil prices fall to 80.25 a barrel
- Oil prices falls to USD 82.47 a barrel
- Oil prices climbs above USD 82 a barrel
- Rupee grows 0.07% besides USD to 46.17
- Oil prices climbs to USD 81.34 a barrel
- Oil prices climb to USD 78.36 a barrel
- Govt. permits export of 3 LT of rice, wheat to B`desh, Nepal
- Oil prices slide to USD 77.50 a barrel
- Oil price resolves near USD 79 a barrel
- Sugar traders bang mills for 'cartel'
