Nickerson
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News from the Oil Patch: Crude prices escalate alongside Middle East tensions
The benchmark NYMEX futures contract settled at five week highs on Friday, rising to $74.38 per barrel at the close of trading. By midday Monday crude buyers pushed that up another two dollars and change, with WTI trading over $76 a barrel and London Brent topping $80.The average price for Kansas Common crude in McPherson last month was $59.87 per barrel. That's down nearly six dollars from the average n August, five dollars lower than January, and nearly twenty dollars cheaper than a year ago. Kansas Common at CHS starts the week at sixty-four seventy-five ($64.75) per barrel, after a 75 cent increase on Friday.
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