Oil Prices Rise After Friday’s Fall
In energy on Monday June 11th
Crude oil prices bounced back from Friday’s drop as light, sweet crude picked up 77 cents to $65.53 a barrel on the New York Mercantile Exchange. Gasoline futures ticked higher, as well.
I am actually surprised that oil prices have actually fallen this summer, it is not so surprising that fuel prices have not followed the same course. Gas prices have not risen as dramatically as we all may have suspected it would, but it is still early and if the crisis in the Middle East continues to heat up, we might just get that oil price increase as well.