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Business Week reported that oil surged $1.54 to settle at $85.99 a barrel when a labor strike threatened to stop all offshore oil and gas production in Norway.
Business Week reported that oil surged $1.54 to settle at $85.99 a barrel when a labor strike threatened to stop all offshore oil and gas production in Norway.
As quoted in the market news:
Oil for August delivery rose $1.54 to settle at $85.99 a barrel on the New York Mercantile Exchange.
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| Commodities | |||
|---|---|---|---|
| Gold | 2344.53 | +0.88 | |
| Silver | 27.94 | +0.01 | |
| Copper | 4.32 | +0.06 | |
| Oil | 85.45 | -0.14 | |
| Heating Oil | 2.68 | +0.02 | |
| Natural Gas | 1.77 | +0.01 | |
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