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1/18/2013 2:45:00 AM Write a Letter to the Editor Write a letter to the Editor

Oil Ends Week at Four-Month High Over $95


Bruce Harmon/Trans Pixs

Oil finished the week at a four-month high over $95 a barrel, capping the longest stretch of weekly increases in more than a year, Bloomberg News reported.

Crude futures rose 7 cents to finish the trading week at $95.56 on the New York Mercantile Exchange, Bloomberg said.

Thursday marked the first time oil finished over $95 since Sept. 18 and Friday’s closing price was the highest since Sept. 17.

Weekly price gains in the past six weeks — boosted by signs of stronger economic growth — marked the longest such streak of upturns in 14 months, Bloomberg said.

Diesel prices have slid 14 cents in six straight declines, while gasoline has gained a nickel in four weeks of modest increases.

The Department of Energy will release next week’s diesel and gasoline prices on Tuesday because of the federal holiday on Monday.

By Transport Topics

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