Oil Futures Rise –

Oil futures rose to their highest close since December 15th and settled at $99.68.  The increase capped a weekly gain of 6.6% for crude oil.  Positive economic data and tensions in Iran were two factors driving the price of crude higher.

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2011-12-23/oil-futures-head-for-biggest-weekly-gain-in-10-months-on-u-s-economy.html

Jim Sutliff

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