Energy Update: Crude Extends Rally as WTI/Brent Gap Narrows; Natural Gas Also Higher

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August crude oil is higher this morning, extending a rally for the new front-month contract that began yesterday afternoon. Crude began climbing off a six-month low as the global equity markets advanced, tempered by concerns over Greek sovereign debt and the pace of growth in the US. The spread between West Texas Intermediate and Brent Crude also continues to come in after pushing to records last week, falling to about $18 a barrel this morning.

Natural gas also is turning around this morning, reportedly gaining on talk of an increase in industrial demand.

At 9 a.m.

AUG WTI Crude Oil ( NY ) $94.20 +0.94

AUG Brent Crude (ICE) $112.28 +0.59

AUG Natural Gas ( NY ) $4.365 +0.048



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This article appears in: Investing , Commodities

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