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Oil price rises above US$126 in Asia
SINGAPORE Published in Saudi Press Agency on 04 - 08 - 2008


Oil prices jumped above US$126 a barrel
Monday in Asia, the Associated Press reported.
Light, sweet crude for September delivery rose US$1.20 to
US$126.30 a barrel in electronic trading on the New York
Mercantile Exchange by midday in Singapore. The contract
gained US$1.02 on Friday to settle at US$125.10 a barrel.
In London, September Brent crude was up 96 cents at
US$125.14 a barrel on the ICE Futures exchange.
In other Nymex trading, heating oil futures rose 2.82
cents to US$3.465 a gallon (3.8 liters) while gasoline
prices gained 4.57 cents to US$3.13 a gallon. Natural gas
futures increased 8.9 cents to US$9.478 per 1,000 cubic
feet.

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