June 17, 2007

Rising oil, gas futures may lift pump prices

Crude oil futures settled at $68 a barrel Friday, their highest close since September, while gasoline futures extended their rally, raising the prospect that prices at the pump may rise after falling for several weeks. Analysts say oil prices were boosted by unrest in the Middle East and a lower-than-expected core inflation figure, which encouraged investors to move money to commodities.

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