Large Medium Small |
NEW YORK - Crude prices traded higher on Monday as China's move to make its currency more flexible raised expectations for more demand.
Crude prices rose as high as $78.92 in New York markets after China's central bank said it plans to allow the currency to be traded with more flexibility.
Light, sweet crude gained 64 cents to settle at $77.82 a barrel on the New York Mercantile Exchange after rising.
In London, Brent crude rose 60 cents to settle at $78.82 on the ICE futures exchange.