Crude Oil Report - UPI.com

Crude oil prices had sat in a $72 to $76 holding pattern for several months. The pattern was broken this week with prices rising due to a weaker dollar and a stronger yen, prompted by the Bank of Japan, which began selling yen for the first time in six years to allow the currency to weaken.

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By Thursday, the move to soften the yen proved fruitless, as the yen hit a 15-year high against the dollar. Finance Minister Yoshihiko Noda said more would be done "if necessary" to take pressure off the currency.

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On Friday, the price of light, sweet crude for November delivery gained $1.18 from a previous settlement to $82.85 per barrel. Heating oil prices added 3.71 cents to $2.2889 per gallon. Reformulated gasoline prices gained 3.53 cents to $2.1533 per gallon.

Crude Oil Report - UPI.com