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Oil near $79 a barrel

Oil near $79 a barrel

Energy prices flattened Tuesday with the majority of futures traders taking the holiday week off, though a weak dollar and falling supplies helped keep a barrel of oil around $79 per barrel.
Benchmark crude for February delivery gave up 18 cents to $78.59 a barrel on the New York Mercantile Exchange. In London, Brent crude for February delivery added 12 cents to $77.44 a barrel on the ICE Futures exchange.
Crude prices have pressed higher for four straight days and are not too far below the high for the year of $82 a barrel, and that's tugging other fuels higher as well.
In other Nymex trading in January contracts, heating oil rose 2.49 cents to $2.0984 gallon while gasoline ticked higher by less than a penny to $2.0192 a gallon. Natural gas fell 5.7 cents to $5.933 per 1,000 cubic feet.


Updated : 2021-05-17 03:14 GMT+08:00