Oil Prices Hit $95.93, 3rd Record in Week
Posted on: Friday, 2 November 2007, 18:00 CDT
Surging U.S. oil prices closed at a record high for the third time in a week Friday.
Sweet, light crude for December delivery rose $2.44, or 2.6 percent, to close at $95.93 on the New York Mercantile Exchange after a robust new jobs report from the U.S. Labor Department.
Oil prices, which briefly touched an all-time high of $96.24 during trading on Wednesday, gained.4.4 percent for the week.
Heating oil rose 5.8 cents to close at $2.5704 a gallon. Reformulated gas was up 8.97 cents at $2.4329 a gallon.
Natural gas was down 22.4 cents at $8.403 per million British thermal units.
The average price of a gallon of regular unleaded gasoline at the pump was up almost 3 cents at $2.942, the AAA said.
Source: United Press International
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