MARKET WATCH: NYMEX crude climbs back above $72/bbl on Perry remarks

Light, sweet crude oil prices bounded back above $72/bbl on the New York market Sept. 27 after US Energy Sec. Rick Perry said there are no plans to release oil from the US Strategic Petroleum Reserve. The US November crude contract settled below $72/bbl on Sept. 26 after two previous consecutive settlements above that level.

Source: News