Light, sweet crude for September delivery rose 67 cents to $126.16 a barrel in electronic on the New York Mercantile Exchange by early afternoon in Singapore. The contract rose $1.05 to settle at $125.49 a barrel on Thursday.
Crude Sees Gain
SINGAPORE (AP) - July 25, 2008
The market remains weighed down by the belief that falling fuel
demand does not justify the recent high prices.