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Oil prices rise above US$125
SINGAPORE Published in Saudi Press Agency on 29 - 07 - 2008


Oil prices rose above US$125 a barrel
Tuesday, the Associated Press reported.
Light, sweet crude for September delivery added 76 cents
to US$125.49 a barrel in electronic trading on the New York
Mercantile Exchange by late afternoon in Singapore. The
contract rose US$1.47 to settle at US$124.73 a barrel on
Monday.
In London, September Brent crude gained 73 cents to
US$126.57 a barrel on the ICE Futures exchange.
In other Nymex trading, heating oil futures rose 0.8 cent
to US$3.57 a gallon (3.8 liters) while gasoline prices
added 1.11 cents to US$3.0811 a gallon. Natural gas futures
added 2.1 cents to US$9.184 per 1,000 cubic feet.

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