Oil prices extended gains above $78 a barrel Monday in Asia ahead of inventory figures later in the week that could send it through the $80 mark.
Benchmark crude for February delivery rose 48 cents to $78.53 at midday Singapore time in electronic trading on the New York Mercantile Exchange. Trading was thin due to the holiday season. The contract rose $1.38 to settle at $78.05 on Thursday, the first time in more than a month that it closed above $78. Oil markets were closed on Friday for Christmas.
Full Story: Oil Extends Gains Above $78 in Asia - ABC News
Benchmark crude for February delivery rose 48 cents to $78.53 at midday Singapore time in electronic trading on the New York Mercantile Exchange. Trading was thin due to the holiday season. The contract rose $1.38 to settle at $78.05 on Thursday, the first time in more than a month that it closed above $78. Oil markets were closed on Friday for Christmas.
Full Story: Oil Extends Gains Above $78 in Asia - ABC News
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