Crude futures were gaining ground Tuesday, buoyed by persistent weakness in the dollar and heightened tension between Israel and Iran that some Pentagon officials believe is careening toward a military conflict.
West Texas crude for August delivery was recently trading $2.66 higher at $142.66 a barrel at the New York Mercantile Exchange, and Brent crude was gaining $2.51 at $142.34 a barrel. Reformulated gasoline is up 5 cents at $3.55 a gallon, heating oil is trading 8 cents higher at $3.98 a gallon, and near-term natural gas is up 17 cents at $13.52 per million British thermal units. The dollar continued its slide in overnight trading in Asia in Europe, breaching $1.58 against the euro, 105 yen, and testing $2 against the British pound -- all considered major resistance levels.Oil's High -- Suck It Up |
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,246.97 | 1,093.01 | 2,151.08 | 34.82 |
Oil *
77.27
|
|
UP
20.03
|
DOWN
0.06
|
DOWN
2.98
|
DOWN
0.04
|
10 Yr
3.48%
SPDR Gold
108.39
|
|
+0.20%
|
-0.01%
|
-0.14%
|
-0.11%
|
Data delayed 20 minutes |














