Oil prices shot higher, buoyed by optimism for a strengthening US economy after a better-than-expected job growth report and worries about unrest in Egypt.
New York’s main contract, West Texas Intermediate (WTI) light sweet crude for August, on Friday surged $US1.98 to $US103.22 a barrel, its highest close since May 2, 2012. In London trade, Brent North Sea crude for delivery in August soared $US2.18 to settle at $US107.72 a barrel. AFR
What will happen today ?????? The $A,, usually a good indicator as well...????....
RFE Price at posting:
46.0¢ Sentiment: Hold Disclosure: Held
