Crude oil futures up slightly to $88.43/b

摘要

New York—NYMEX August crude futures settled $1.33 higher at $88.43/b July 16, breaking out of a narrow range late in the session largely on bullish technical factors. “The market tried for three hours to break above $87.89 and when it did, it triggered stops and ran higher on the close,” said Addison Armstrong, analyst at Tradition Energy, referring to the NYMEX front-month crude contact, which had traded within the prior trading day’s range for most of the session.