The Car and Truck Fleet and Leasing Management Magazine

Oil Prices Pass $61 Mark

February 26, 2007

NEW YORK --- Oil prices passed the $61-a-barrel mark earlier today, amid expectations for greater heating oil demand because of frigid temperatures in the Midwest and Northwest U.S.By mid-day trading on the New York Mercantile Exchange, light, sweet crude for April delivery rose 36 cents to $61.50 a barrel. Friday's closing price of $61.14 was the highest closing price since Dec. 22, the Associated Press reported.Prices have also been affected by tensions between the West and Iran, as well as escalating violence in Nigeria.
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