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Oil rises to near US$130 a barrel in Asia
SINGAPORE Published in Saudi Press Agency on 21 - 07 - 2008


Oil prices rose Monday in Asia to near
US$130 a barrel.
Midafternoon in Singapore, light, sweet crude for August
delivery was up 91 cents at US$129.79 a barrel in
electronic trading on the New York Mercantile Exchange.
Monday's price increase came after crude fell more than
US$18 from a trading record of US$147.27 hit on July 11.
The contract settled at US$128.88 on Friday, down 41
cents, according to a report of the Associated Press.
In other Nymex trade, heating oil futures rose 2.2 cents
to US$3.7135 a gallon (3.8 liters) while gasoline prices
rose 2.76 cents to US$3.1985 a gallon. Natural gas futures
rose 14.5 cents to US$10.715 per 1,000 cubic feet.
In London, September Brent crude rose 78 cents to
US$130.97 a barrel on the ICE Futures exchange.

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