Commodity Corner: Crude Oil Settles Higher Monday

The front-month crude oil contract settled higher at $76.54 a barrel Monday, a day before the August contract expires.

The 53-cent gain Monday paralleled positive movement on the equities markets, which were buoyed by optimism about earnings from companies such as Halliburton and IBM. The Dow Jones Industrial Average and S&P 500 indexes closed up 0.56% and 0.6%, respectively, Monday. Crude oil traded from $75.50 to $77.69 during the first session of the week.

Trading was more static for natural gas, however. The natural gas contract price for August delivery settled a penny lower at $4.51; it fluctuated from $4.45 to $4.56.

Gasoline futures also showed little momentum Monday, settling one cent higher at $2.06. The August contract price ranged from $2.03 to $2.10 during the day's trading.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Sr. Analyst - Mobile & Application Development
Expertise: IT - Programming & Database|IT - Software Development|Project Management
Location: Houston, TX
Project Controls Analyst
Expertise: Budget / Cost Control|Cost Engineer|Project Controls
Location: Houston, TX
Senior Project Manager - Chemicals
Expertise: Project Management
Location: Greenville, SC
search for more jobs

Brent Crude Oil : $50.64/BBL 0.62%
Light Crude Oil : $48.04/BBL 1.47%
Natural Gas : $3.01/MMBtu 2.58%
Updated in last 24 hours