July 5, 2006
The heat is on!
Dow Jones Market Watch:
August crude rose $1.26 to close at $75.19 a barrel in New York Wednesday, marking the highest closing level ever for a front-month contract. The record closing level for a front-month contract was $75.17, which was reached on April 21. The August crude contract also marked its loftiest close since May 11, when it finished at $75.53. August natural gas fell 33.9 cents to close at $5.765 per million British thermal units, its lowest close since January 2005.
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