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The price of Light Sweet Crude Oil has fluctuated greatly in recent years. From the 1980s to 2003 the price for one barrel of Light Sweet Crude Oil was generally under $25 a barrel but after that it took a sharp turn upwards and reached $30 in late 2003. By August 2005 it had doubled [...]
Read full post...Crude oil soared to its highest finish in more than 3 1/2 months on Tuesday as some positive housing data provided some encouragement for energy demand. The April contract expired following Tuesday’s session.
Light sweet crude oil for April delivery finished at $49.16, up $1.81, at the highest close since Dec. 1 for a front-month contract. [...]