Crude oil prices hit $99 per barrel Friday, along with a rise in stocks on Wall Street and a slipping dollar.
Stocks rose around the globe. Investors were encouraged by a bond auction in Italy that raised $6.8 billion Thursday morning, coupled with the installation of a new government in Greece and action in the Italian Senate on austerity measures.
On the New York Mercantile Exchange, West Texas Intermediate crude oil for December delivery extended a rally that began in early October, adding $1.22 to $99 per barrel.
On Oct. 3, crude oil traded at under $77 per barrel.
Home heating oil Friday added 0.66 cents to $3.681 per gallon. Reformulated blendstock gasoline lost 3.3 cents to $2.6038 per gallon.
Henry Hub natural gas prices lost 6.5 cents to reach $3.584 per million British thermal units.
At the retail level, the average price of unleaded gasoline fell slightly to $3.438 per gallon from Thursday’s $3.439, AAA said.
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