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Oil rises above $115
Saudi Press Agency Published in Saudi Press Agency on 25 - 08 - 2008

Oil prices moved above US$115 a barrel Monday, the Associated Press reported.
By midday in Europe, light, sweet crude for October
delivery was up 63 cents to US$115.22 a barrel in
electronic trading on the New York Mercantile Exchange. The
contract tumbled US$6.59 on Friday to settle at US$114.59 a
barrel.
In London, October Brent crude was up 74 cents to
US$114.66 on the ICE Futures exchange.
In other Nymex trading, heating oil futures rose 2.72
cents to US$3.1583 a gallon, while gasoline prices gained
1.84 cent to US$2.887 a gallon. Natural gas futures
increased 2.2 cents to US$7.865 per 1,000 cubic feet.

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