Oil rises above $106 a barrel (By Sylodium, international trade directory)

The price of oil rose modestly Tuesday; Benchmark crude for September delivery was up 20 cents to $106.31 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained 14 cents to close at $106.11 on Monday.

In UK, Brent crude, traded on the ICE Futures exchange in London, rose 10 cents to $109.07 a barrel. In other energy futures trading on Nymex: Heating oil rose 0.9 cent to $3.03 a gallon, Wholesale gasoline rose 0.8 cent to $2.912 a gallon, and Natural gas rose 2.2 cents to $3.332 per 1,000 cubic feet.

 

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