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.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Project Manager, Oil and Gas
Expertise: Budget / Cost Control|Planner / Scheduler|Project Management
Location: Harvey, LA
 
Senior Accounting / Financial Analyst Job
Expertise: Accounting|Budget / Cost Control|Financial Analyst
Location: Denver, CO
 
United States Houston: Senior Product Champion
Expertise: Business Development|Marketing|Sales
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $55.45/BBL 0.99%
Light Crude Oil : $52.37/BBL 1.20%
Natural Gas : $3.42/MMBtu 0.88%
Updated in last 24 hours