Oil prices mounted after the Energy Information Administration report a massive decline in crude oil and gasoline stocks for the week ended Aug. 10, 2007. Crude stocks were depressed by 5.2 million barrels, whereas gasoline stocks came down by 1.1 million barrels.

Additionally, worries over the new weather anticipate that a Tropical Storm Dean could pass over the south of the Gulf of Mexico stimulated oil to climb further.

For next month deliver (September), light, sweet crude brought in 95 cents to USD 73.33 per barrel, whilst gasoline futures arose 3.50 cents to USD 2.00 per gallon.

Heating oil for September ascended 4.44 cents, or 2%, to end at USD 2.0269 a gallon.

September natural gas, which had rallied earlier in the session, came down 7.60 cents to USD 6.864 per million British thermal units.