Crude Oil Slightly Higher –

Crude oil finished slightly higher in trading on Friday and closed at $85.37 a barrel.  Traders closely watched comments by Federal Reserve Chairman Ben Bernanke which indicated that the Fed stands ready to implement stimulus programs if needed.  Gasoline traded lower on Friday after rising over 3% on Thursday.  Gasoline prices could drop due to lower summer driving demand caused by Hurricane Irene.

To read a related Wall Street Journal article, please click here:

James Sutliff

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