The Orion Drilling Co.'s Perseus drilling rig stands near Encinal in Webb County, Texas, in 2012. Drilling in shale is more expensive than other methods and poses environmental challenges, but the prospect of a growing supply is encouraging analysts to predict greater energy independence for the United States. photo by Eddie Seal).
Closing prices for crude oil, gold and other commodities
The Associated Press undefined
Benchmark U.S. crude oil for July delivery rose $1.26 to settle at $38.38 a barrel Monday. Brent crude oil for August delivery rose $1.24 to $40.96 a barrel.
Wholesale gasoline for July delivery rose 4 cents to $1.21 a gallon. July heating oil rose 5 cents to $1.18 a gallon. July natural gas fell 6 cents to $1.61 per 1,000 cubic feet.
Gold for August delivery rose $9.30 to $1,736.50 an ounce, silver for July delivery rose 25 cents to $17.65 an ounce and July copper was little changed at $2.56 a pound.
The dollar fell to 107.28 Japanese yen from 107.33 yen. The euro fell to $1.1272 from $1.1315.