Getting your player ready...
NEW YORK — New reports showing improvement in the housing and service sectors combined with encouraging employment data to send oil and gasoline prices to an 18-month high Monday.
After months of trading in a range of $75 to $85, a recent rally driven by positive U.S. economic news has some analysts wondering if oil could make its first foray into triple digits since late 2008. Benchmark crude for May delivery rose $1.75 to settle at $86.62 a barrel on the New York Mercantile Exchange.
