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Oil prices finish up 0.7% in New York

July 19, 2010

Oil closed up for the first time in four sessions on Monday on the New York market, thanks to gains on Wall Street and tightness in the refining world following the closure of a major Chinese port.

The contract on August U.S. light crude ended on an increase of 53 cents, or 0.7%, to 76.54 dollars a barrel. At the same time, Brent took 23 cents (+0.31%) to 75.60 dollars.

Black gold has also benefited from the good performance of the euro against the dollar, the euro still moving around a two-month high against the greenback.

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