Friday, May 25, 2007

Energy Prices Up; Crude Up More Than $1,Friday, May 25, 2007 2:32:50 PM

Energy prices climbed on Friday in the U.S. ahead of a three-day weekend. Oil was up more than a dollar and heating oil and gasoline also gained. Natural gas was down.

Crude oil was up near $65 amid a choppy day of U.S. trading on Friday. Light sweet crude for July delivery was at $65.21, up $1.03 on the day. It climbed up above $65 at the start, but fell back to as low as $64.21 at 11:15 a.m. before bouncing back again.

Natural gas dropped on Friday and reached a three-week low. Natural gas was down 11 cents to $7.744. This is its lowest level since early May.

Heating oil was up early Friday in U.S. trading. Heating oil for June was at $1.938, up less than a cent.

Gasoline was up Friday in U.S. trading. RBOB gasoline for June delivery gained 4.64 cents to $2.4033. It is up for the third straight session.
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