Light, sweet crude for May delivery rose $1.68 to settle at $107.58 a barrel on the New York Mercantile Exchange after earlier rising as high as $108.22. Crude futures, also aided earlier in the week by a flagging U.S. dollar, are up 6.6 per cent since Monday.
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Oil Prices Sent Back High
Oil futures rallied back to $107 a barrel Thursday over an Iraqi oil pipeline blown up
Oil futures rallied back to $107 a barrel Thursday over an Iraqi oil pipeline blown up by Shiite militia fighters.
U.S. retail gas prices, meanwhile, inched up overnight while diesel prices slipped.
Light, sweet crude for May delivery rose $1.68 to settle at $107.58 a barrel on the New York Mercantile Exchange after earlier rising as high as $108.22. Crude futures, also aided earlier in the week by a flagging U.S. dollar, are up 6.6 per cent since Monday.
Light, sweet crude for May delivery rose $1.68 to settle at $107.58 a barrel on the New York Mercantile Exchange after earlier rising as high as $108.22. Crude futures, also aided earlier in the week by a flagging U.S. dollar, are up 6.6 per cent since Monday.
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