Crude Climbs Againadmin
Oil prices took off again, soaring as crude’s biggest drivers — a weak dollar and supply concerns — brought buyers back in force. At the pump, gas prices rose to a new record over $4.05 a gallon.
Light, sweet crude rose $5.07 to settle at $136.38 a barrel on the New York Mercantile Exchange after earlier trading as high as $138.30.
In other Nymex trading, July gasoline futures gained 14.65 cents to settle at $3.4658 a gallon, and July heating oil futures added 16.24 cents to settle at $3.9748 a gallon.
Natural gas contracts rose 12.5 cents to settle at $12.660 per 1,000 cubic feet.