Long before the shale revolution, a vital contributor to U.S. oil production were stripper wells, small holes producing trickles of crude with the aid of iconic pumping machines known as nodding donkeys, such as the one shown here in 2012 in Los Angeles. With oil prices down 57 percent since June, these smallest of producers will be the first to succumb to the Great Oil Bust of 2015. T CREDIT: Bloomberg News photo by Patrick T. Fallon).
The Associated Press undefined
Benchmark U.S. crude oil for July delivery rose 75 cents to settle at $38.94 a barrel Tuesday. Brent crude oil for August delivery rose 38 cents to $41.18 a barrel.
Wholesale gasoline for July delivery rose 2 cents to $1.21 a gallon. July heating oil rose 3 cents to $1.15 a gallon. July natural gas fell 2 cents to $1.77 per 1,000 cubic feet.
Gold for August delivery rose $16.80 to $1,721.90 an ounce, silver for July delivery fell 10 cents to $17.79 an ounce and July copper rose 3 cents to $2.60 a pound.
The dollar fell to 107.74 Japanese yen from 108.33 yen. The euro rose to $1.1346 from $1.1303.