Dealers work nervously in the New York Mercantile Exchange on July 13. In response to escalating tensions in the Mideast, U.S. light crude oil for August delivery rose $1.75 to settle at $76.70 a barrel on the New York Mercantile Exchange, a record closing high, after hitting a new trading high of $76.90 earlier in the session.
Traders pay close attention to the future price of crude oil in the New York Mercantile Exchange. In response to escalating tensions in the Mideast, U.S. light crude oil for August delivery rose $1.75 to settle at $76.70 a barrel on the New York Mercantile Exchange, a record closing high, after hitting a new trading high of $76.90 earlier in the session.
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