On Thursday, oil prices mounted as better-than-expected earnings from Exxon Mobil Corp., Southwest Airlines Co. and others strengthened hope for an improving economy.
On the New York Mercantile Exchange, Benchmark crude for September delivery raised USD 1.37 to settle at USD 78.36 a barrel.
In other Nymex trading, heating oil for August delivery added 4.08 cents to USD 2.0372 a gallon. Because that contract expires on Friday, much of the trading has moved to the September contract, where the price gained 4.36 cents at USD 2.0696 a gallon.
The August contract for gasoline, which also expires Friday, climbs 3.4 cents to USD 2.0974 a gallon. The September contract climbs 3.63 cents to USD 2.1010 a gallon.
On the ICE futures exchange, Brent crude settled up 31 cents at USD 77.59 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 price resolves to USD 78.95 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'
- Oil prices bounds to USD 79.30 a barrel
