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4/6/2012 9:00:00 AM Write a Letter to the Editor Write a letter to the Editor

Oil Finishes Week Over $103 a Barrel

Oil rose almost $2 on Thursday to finish the trading week at $103.31 a barrel, following an earlier report that jobless claims fell to the lowest level in four years, Bloomberg reported.

Crude futures rose $1.84 to $103.31 on the New York Mercantile Exchange, Bloomberg said. The Nymex and U.S. equities markets are closed for Good Friday.

Oil had settled at $101.47 a barrel Wednesday, the lowest price and first time crude has closed below $102 in seven weeks.

Diesel dipped half a cent this week, its first decline in 10 weeks, while gasoline rose for the 10th straight week, the Department of Energy reported. DOE will release its next survey on Monday.

By Transport Topics

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