USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

165

Crude Creeped To $50 Again

Crude futures soared to $50 a barrel Monday amid fresh worries

Crude Creeped To $50 Again

Crude futures soared $50 a barrel Monday amid fresh worries over tight winter supplies.

Light sweet crude for January delivery rose 52 cents to $49.41 a barrel in Asian trade, extending Friday?s runup. when the price jumped more than $2 a barrel, settling above $48 amid concerns about tight winter fuel supplies and speculation OPEC may decrease output.

However, even after Friday's rally, NYMEX crude futures are nearly $6 below the peak closing price of $55.17 of late October.

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