USD 93.4409

-0.65

EUR 99.5797

-0.95

Brent 87.38

+0.14

Natural gas 1.76

-0

672

Crude Prices Rise in NYMEX

Oil prices rose on Monday but New York crude stayed below 38 dollars a barrel

Crude Prices Rise in NYMEX

New York's main futures contract, light sweet crude for delivery in March, climbed 38 cents to 37.89 dollars a barrel.

In London, Brent North Sea crude for April delivery gained 39 cents to 45.20 dollars.

Trading on the floor of the New York Mercantile Exchange would be closed Monday owing to a public holiday in the United States, leaving investors to trade only electronically.

The price differential between New York crude and Brent oil hit a record of more than 11 dollars last week, which analysts attributed to soaring energy stockpiles in the United States.

Author: Ksenia Kochneva


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