NEW YORK (Dow Jones)-- Oil prices extended their gains above $78 a barrel Friday, closing higher for the seventh consecutive day as investors remain optimistic on the recovery of the global economy.
Light, sweet crude for November delivery settled 95 cents, or 1.2%, higher at $78.53 a barrel on the New York Mercantile Exchange. This was the highest settlement since Oct. 14, 2008. Brent crude on the ICE futures exchange settled 76 cents, or 1% higher, at $76.99 a barrel. Email Newsletters and Alerts The latest news and analysis delivered to your in-box. Check the boxes below to sign up.
Full Story: OIL FUTURES: Oil Settles Above $78/bbl On Economic Optimism - Wall Street Journal
Light, sweet crude for November delivery settled 95 cents, or 1.2%, higher at $78.53 a barrel on the New York Mercantile Exchange. This was the highest settlement since Oct. 14, 2008. Brent crude on the ICE futures exchange settled 76 cents, or 1% higher, at $76.99 a barrel. Email Newsletters and Alerts The latest news and analysis delivered to your in-box. Check the boxes below to sign up.
Full Story: OIL FUTURES: Oil Settles Above $78/bbl On Economic Optimism - Wall Street Journal
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