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Oil Update: Oil Races Past $71

Stock quotes in this article: XOM , CVX , HES , COP  

(Update: Adds close-of-day prices for leading oil stocks.)

Crude oil is surging in the afternoon following more reports that Nigerian militants attacked an oil installation.

Light, sweet crude for August delivery exploded up $2.33 by the afternoon, settling at $71.49 per barrel on the New York Mercantile Exchange. Earlier in the day, the price reached as low as $68.36, but also nearly touched $72, going as high as $71.92. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
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Oil *
77.74
UP
22.75
UP
6.06
UP
21.21
UP
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+3.05%
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