Saturday, May 21, 2011
Associated Press
NEW YORK
Oil climbed above $99 per barrel in volatile trading Friday as the dollar weakened. Pump prices fell again as another industry report showed that drivers are buying less gasoline.
Benchmark crude for June delivery rose $1.05 to settle at $99.49 per barrel. Friday was the final day for the June contract on the New York Mercantile Exchange, and most of the trading shifted to the July contract, which rose $1.17 to settle at $100.10 per barrel.