Oil above $100/bbl for first time since May
BY KATE GIBSON
HOUSTON -- Oil on Friday climbed to $100/bbl for the first time since May as unrest in the Middle East and North Africa sparked worry of supply distruptions and after the Federal Reserve vowed another round of stimulus. Crude for October delivery (CLV2) rose to an intrade high of $100.42 a barrel in electronic trade on the New York Mercantile Exchange. It lately traded at $99.73, up $1.42 or 1.4%.
Dow Jones Newswires