On Monday, oil prices mounted 3% on positive economic news and meeting stock markets. The jump above USD 81 per barrel could translate into higher pump prices ahead.
On the New York Mercantile Exchange, Benchmark crude for September delivery rose USD 2.39, or 3%, to settle at USD 81.34 a barrel.
In other Nymex trading in September contracts, heating oil rose 6.57 cents to USD 2.1538 a gallon, gasoline added 4.61 cents to USD 2.1685 a gallon. Natural gas cut down 22.2 cents to 4.701 per 1,000 cubic feet.
On the ICE Futures exchange, in London, Brent crude settled up USD 2.64 at USD 80.82 a barrel.
Newer news items:
- On August 12,the Reserve Bank of India`s (RBI) position rate for rupee devalued 0.86% besides US dollar at 46.94, contrasted to 46.54 on the preceding working day (August 11).
- 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
Older news items:
- Oil price resolves to USD 78.95 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
