Oil Prices Rise Above $90 a Barrel
9:58 AM Fri, Jan 25, 2008 | Permalink
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Oil futures extended recent gains Friday, pushing crude back above $90 a barrel after U.S. government leaders agreed to a stimulus plan in an effort to avert a major slowdown in the world's largest economy, according to the Associated Press. Light, sweet crude for March delivery on the New York Mercantile Exchange rose $1.29 to $90.70 a barrel in electronic trading by the afternoon in Europe. The contract gained $2.42 to settle at $89.41 a barrel on Thursday, the largest rise in over three weeks. 
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