USD 89.7026

-0.55

EUR 97.0954

-0.78

Brent 82.09

+0.01

Natural gas 2.503

-0.01

689

Reversal of the last week oil trend

U.S. crude prices reversed some of last week's losses and rose toward $72 a barrel on Monday.

Reversal of the last week oil trend

 

U.S. crude prices reversed some of last week's losses and rose toward $72 a barrel on Monday, supported by a technical rebound and as a powerful storm across the U.S. mid-Atlantic boosted hopes of increased fuel demand.

U.S. crude for March delivery CLc1 rose 47 cents to $71.68 a barrel by 2345 GMT. The contract settled down $1.95 at a seven-week low of $71.19 per barrel on Friday, after earlier hitting a session low of $69.50. 

 

A powerful storm slammed the U.S. mid-Atlantic on Friday, threatening record snowfall in a region heavily dependent on home heating oil and natural gas supplies.


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