Oil hits one-year high of $78.10 per barrel

July 31st, 2007 at 6:53 pm by System Import

Crude oil prices today traded as high as $78.10 per barel, setting a one-year high.

In an unrelated story, the New York Mercantile Exchange announced second quarter earnings.
As per Nymex:
- Second Quarter Operating Revenues Rise 34% to $163.6 Million
- First Half Operating Revenues Increase 40% to Record $327.8 Million
- Takes One-Time Charge of $26.0 Million Related to Optionable Investment
- Diluted EPS of $0.44; Excluding One-Time, Pretax Charge, Diluted EPS of $0.60

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