Oil Ends Week at Four-Month High Over $95
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.
