Oil Finishes Week Over $107

Oil rose almost $2 Friday to finish the week over $107 a barrel, on signs that the U.S. economy was rebounding, Bloomberg reported.

Benchmark light sweet crude futures rose $1.95 to close the week at $107.06 a barrel on the New York Mercantile Exchange.

The closing price was the highest since last Friday, Bloomberg Nymex figures showed. Oil has been in the $105 to $110 range for the past month.

Diesel has pushed past $4 a gallon in the past two weeks and gasoline prices are approaching that level.

The Department of Energy will release its weekly survey of filling stations Monday afternoon in Washington.