USD 65.6196

-0.64

EUR 72.8312

-0.67

BRENT 59.09

-0.86

AI-92 42.28

+0.02

AI-95 46.05

+0.01

AI-98 51.75

+0.02

Diesel 45.99

+0.03

6

All Waiting for Supply Rise

Flat oil output and rising demand have sent global oil prices to painful levels

Flat oil output and rising demand have sent global oil prices to painful levels.

New York sweet crude surged to $131.04 a barrel Monday, closing $2.16 higher after tumbling more than $16 last week.

Supply concerns drove the increase as the market fretted about the potential for Tropical Storm Dolly to harm Gulf of Mexico oil operations.