Oil price up $1.51, $77.78 in London, in New York at $79.06 (+1.73)

As of February 18th, the IPE Brent Crude February futures contract rose to $77.78 (+1.51) a barrel on the London-based ICE Futures Europe exchange. Light Sweet Crude gained $1.73 to $79.06 on the New York Mercantile Exchange.