Updated from 12:09 p.m. EDT
Oil rose again Friday, touching a record high for a third straight day, as Iran warned Israel against escalating a military offensive that has claimed more than 50 lives. The gains were pared when OPEC reassured the market it remained committed to order and stability.
August crude soared 33 cents to $77.03, bringing its four-day rise to 4.6%. Earlier, crude touched $78.40 a barrel in electronic Nymex trading. That's the highest price in the 23-year history of the Nymex contract when the impact of inflation is excluded.
"The markets are still behaving like they have seized up, and the mood remains very nervous, with substantial intraday price dips almost nonexistent," said Edward Meir, an analyst with Man Financial. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.58 | 1,108.86 | 2,175.81 | 32.75 |
Oil *
79.69
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UP
126.74
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UP
13.23
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UP
31.21
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UP
0.74
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10 Yr
3.28%
SPDR Gold
117.38
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+1.23%
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+1.21%
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+1.46%
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+2.31%
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