Oil Briefly Gets Above $60

Updated from 1:41 p.m. EST

Crude oil futures climbed again on Friday, piercing through the psychologically significant $60 level for the first time in weeks before edging back.

After climbing as high as $60.46 in the early afternoon, crude oil withdrew slightly, closing at the end of normal Nymex trading hours up 18 cents to $59.89 per barrel. Heating oil finished even on the day at $1.725. Gasoline was 2 cents higher at $1.61.

Natural gas slipped 4 cents, closing at $7.83 per million British thermal units. Cold temperatures in the northeastern U.S. continue to hold natural gas prices at their highest levels since mid-December. ...