Getting your player ready...
HOUSTON — Oil prices continued to rise Thursday and climbed briefly above $58 a barrel for the first time in nearly six months as the U.S. economy showed signs of recovery.
Benchmark crude for June delivery rose 37 cents a barrel to settle at $56.71 on the New York Mercantile Exchange.
“We have events coming together that can drive energy prices higher in spite of the plush supplies we have,” Phil Flynn, an analyst at Alaron Trading Corp., wrote in a client note Thursday.
The average national retail price for unleaded gasoline rose more than 3 cents overnight to $2.141 a gallon. In Denver, prices averaged $2.09, up 2.1 cents from Wednesday.
