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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Crude Creeped To $50 Again
Crude futures soared to $50 a barrel Monday amid fresh worries
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.
However, even after Friday's rally, NYMEX crude futures are nearly $6 below the peak closing price of $55.17 of late October.




