Updated from 12:36 p.m. ESTCrude oil finally touched the long-awaited century mark Wednesday, briefly reaching $100 a barrel in New York before pulling back slightly. Ultimately, February oil futures jumped $3.64 to settle at $99.62 a barrel, a record close, and were up nearly 4% on the session. Previously, crude hit an all-time intraday high of $99.29 a barrel in late November. Driving the latest advance were worries about the most recent violence in Nigeria, where rebels launched an attack earlier this week, leading to concerns about the safety of supplies from the oil-producing nation.
Oil: To $100 and Beyond