Crude Oil Prices Head Higher

Crude oil prices topped $77 per barrel Monday in New York, making a quick resurgence following an upswing in equity markets. U.S. markets have made gains in five of the past six trading sessions and have generally trended up since Labor Day. Stock indexes also rose across the board in Asia and Europe Monday, as investors shrugged off worries of a double-dip recession.

On the New York Mercantile Exchange, light, sweet crude oil for October delivery added 75 cents to $77.20 per barrel. Heating oil prices added 0.0003 cents to $2.123 per gallon. Reformulated gasoline blendstock gained 0.0019 cents to $1.9825 per gallon.

Henry Hub natural gas edged higher, up 0.006 cents to $3.944 per million British thermal units.

At the retail level, the national average price for unleaded gasoline rose to $2.709 Monday from Sunday’s $2.699, AAA said.

Fuente: www.officialwire.com