NewsCrude above $81 supported by global equity indices
AnalysisCrude stabilized in the morning session above $81 per barrel, supported by rising U.S. indices yesterday, which came after Obama's healthcare bill's approval from the House of Representatives.

Meanwhile, the U.S. House of Representatives voted on the final draft for the healthcare reform, where it is in the final step to be sent to President Obama; the biggest healthcare plan in 100 years passed the House with a vote on Sunday with 219 to 212.

The thumbs up by the House on the bill that had been awaited for a while supported optimism in markets; the Dow Jones Average gained by 0.41%, supporting oil prices to record its highest levels yesterday at $81.80 per barrel. Meanwhile, the majority of Asian and European stock indices rose today to provide crude with more stability above previously mentioned levels.

The S&P GSCI index closed yesterday at 521.67 down by 1.11; whereas the RJ/CRB commodity index recorded a drop by 0.35 to close by 272.28.

In NYMEX as of 04:14 EST; heating oil futures fell to $207.500 per gallon by $0.870; motor gasoline is trading around $224.700 per gallon after dropping by $0.920; whereas natural gas gained by $0.260 to record $4.105 per 1000 cubic feet. In London, Brent receded by $0.370 to record $80.170.

Crude opened today at $81.77 per barrel recording its highest at $81.77 and lowest at $81.15, where it is currently trading around $81.22 per barrel.