Business | Oil & Gas
Oil prices hover above $66 a barrel
Oil prices hovered above $66 a barrel on Friday in light holiday trading a day after grim unemployment numbers from the US and Europe sent prices tumbling.
- AP
- Published: 17:43 July 3, 2009
London & New York: Oil prices hovered above $66 a barrel on Friday in light holiday trading a day after grim unemployment numbers from the US and Europe sent prices tumbling.
By mid-afternoon in Europe, benchmark crude for August delivery was down 16 cents to $66.57 a barrel in electronic trading on the New York Mercantile Exchange. On Thursday, it fell $2.58, nearly 4 percent, to settle at $66.73.
Trading in the US is closed on Friday for the Independence Day holiday.
In other Nymex trading, gasoline for August delivery was down 0.73 cent to $1.7835 a gallon and heating oil rose 0.44 cent to $1.7060. Natural gas for August delivery rose 6.4 cents to $3.679 per 1,000 cubic feet.
In London, Brent prices slid 27 cents to $66.38 a barrel on the ICE Futures exchange.
Share this article
More from Oil & Gas
More from Business
Popular in Business
-
Budget travel
Airlines in the region
Take a pictorial look at some of the budget airlines in GCC
Business Editor's choice
-
New law to protect investor rights
Dubai land department is studying legislation to protect property purchasers
-
Global Village
Revamped layout featuring four cultures to greet visitors this season
-
Cloud computing is here to stay
Managing security effectively is critical when sharing data over the internet
