Light, sweet crude for September delivery rose 40 cents to $62.71 in electronic trading on the New York Mercantile Exchange, off 19 cents from its new intraday high of $62.90.
Prices settled at $62.31 a barrel on Friday, a record close for crude since Nymex trading began in 1983.
That's at least 40 percent higher than a year ago, though crude prices would have to surpass $90 to reach the inflation-adjusted high set in 1980 *(boy that's reassuring! LOL)
A solid close above $63 would open the upside door, IMHO
D
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