January 2011
Oil finished the week over $91 a barrel, up more than $3 from last Friday, Bloomberg reported.
Benchmark light sweet crude futures finished the day Friday at $91.54 a barrel, up 14 cents from Thursday on the Mercantile Exchange.
The increased price this week was due in part to U.S. economic data showing stronger factory output and continuing worldwide demand, Bloomberg said,
Diesel and gasoline have both risen for the past six weeks in the Department of Energy’s weekly price surveys, with diesel topping $3.33 and gasoline near $3.09 per gallon.
DOE’s next survey will be released Tuesday afternoon in Washington due to the federal holiday Monday.
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