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4/30/2012 8:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Oil Trades Near Four-Week High $105 a Barrel

Larry Smith/Trans Pixs

Oil traded near a four-week high just below $105 a barrel early Monday, on signs of economic recovery in Asia, Bloomberg reported.

Crude slipped a penny to $104.92 a barrel in pre-market New York Mercantile Exchange trading, Bloomberg said.

Prices finished last week $104,93, the highest Nymex closing price since March 28. Since then, crude has held between $101 and $104 before sliding over $104 late last week.

Diesel and gasoline prices have declined in the past two weeks, after rising almost every week this year.

The Department of Energy reported will release its next survey of diesel and gasoline pump pries Monday afternoon in Washington.

By Transport Topics

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