Updated with recent oil prices and stock quotes.
NEW YORK (
) -- With several reports citing a renewed sense of economic recovery bubbling about, oil futures rose above $73 Monday on the New York Mercantile Exchange.
The contract for November delivery of benchmark crude was surging $1.78 at $73.55 a barrel in the morning, rising after the front-month contract added 2.6% last week to settle at $71.77 by Friday.
Looking ahead to this week, investors will be eyeing a bouquet of earnings reports coming from several industry bellwethers. Major banks like
Bank of America
will report, along with diversified leviathan
, medical drug and supply maker
Johnson & Johnson
, and tech leaders
Major integrated oil majors finished Friday in mixed territory, though all were tracking higher on Monday morning.
were adding 1% and 1.5%, each, just after the opening bell.
, which lost 1.2% by the closing bell on Friday, was gaining 1.8% in the early going on Monday.
-- Written by Sung Moss in New York
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