At the New York Mercantile Exchange, crude oil prices for September delivery rose U.S. $ 1.19 monitored or 1.6% to U.S. $ 43 per barrel. After the previous trading, oil futures fell 15 cents to U.S. $ 75.24 per barrel, its lowest level since mid-July, for the most-active contract. The decline was triggered by worries about the global economy.
If prices can survive, then the kana became the first psoitif closure in six sessions, including a 3% decline last week. Gasoline (petrol), which slumped Monday to its lowest level in 11 months, led the increases among other energy products. Gasoline September contract rose 4 cents, or 2.2% to U.S. $ 1.97 per gallon.
Prices of energy products rose after the Fed reported industrial production rose 1% in July yesterday. Figures higher than economists estimated at 0.6% level is an automatic boost production. "This condition is indicated on the 'prediction of a more healthy consumers, and consumers will use more gasoline," said Hamza Khan, an analyst in Philadelphia.
Oil prices rose after the release of U.S. economic data that showed producer prices rose 0.2% in July. While the increase in house data is still below estimates, ie 1.7% to 546 thousand.
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