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| Home Front Economy |
| Oil settles above $50 for the 1st time |
| 2004-10-01 |
| NEW YORK, Oct 01, 2004 (United Press International via COMTEX) -- NYMEX crude settled above $50 per barrel for the first time Friday. Traders appeared unwilling to go into the weekend unprepared should continuing tensions in the Middle East and now Nigeria boil over while the market was closed. November crude traded in the low $49 range early in the day before rallying and settling 48 cents higher on the day at $50.12 per barrel. Heating oil settled nearly 1 cent higher at $1.395 per gallon while unleaded gasoline gained more than 2 cents to $1.352 per gallon. |
| Posted by:Mark Espinola |