Oil Prices could possible reach yearly Highs with barrels priced 21 cents over $80. For more information regarding the most recent information taking place within the Stock Market or the latest information regarding the Oil and Gasoline value, make sure to visit the Most Exclusive and Leading in Depth newsletter website at: http://www.wallstreetgrand.com/.
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Oil and wholesale gasoline prices neared a high for 2010 on Friday as the government jobs report for February raised hopes that the slowly healing employment market may soon drive energy demand higher. Crude prices also got a boost from China Premier Wen Jiabao, who said his country is on track for 8 percent growth this year and stimulus spending will continue. China is the second biggest consumer of oil in the world after the U.S.
Crude oil prices boosted from $1.51 to $81.72 a barrel on the New York Mercantile Exchange. The contract fell 66 cents to settle at $80.21 on Thursday. Crude has bumped around the $80 mark time and again over the past few months, only to be pushed back on conflicting signals about the recovery from the Great Recession.
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