Oil price up $2.95, to $76.06 in London, in New York to $77.23 (+2.80)

As of February 2nd, the IPE Brent Crude February futures contract rose to $76.06 (+2.95) a barrel on the London-based ICE Futures Europe exchange. Light Sweet Crude gained $2.80, to $77.23 on the New York Mercantile Exchange.