(Crude oil, energy trading story, updated for Tuesday afternoon market stall)NEW YORK ( TheStreet) -- The broad equity-markets rally on Tuesday lifted the price of crude oil early, but as the market rebound faltered, so did trading in crude oil. The August delivery crude contract rose as high as $73.86, before settling at $71.98 on Tuesday afternoon.
August natural gas added 17 cents in the morning session to a high of $4.86, but recently settled at $4.68 per million British thermal units. The dollar declined against the euro and the price of gold fell by a little over 1% in on Tuesday, but the big equities rally could not sustain itself. The big mining stocks, led by BHP Billiton ( BBL) and Rio Tinto ( RTP) saw their Tuesday morning gains of above 3% pared back in the afternoon, but continued to rally on the news of a mining tax compromise with the Australian government announced last week. -- Written by Eric Rosenbaum from New York. Follow TheStreet.com on Twitter and become a fan on Facebook.