IT BROKE $107.4 N MADE $107.64 AT CME... ON LIBYA.. NOW WE HAVE TO LOOK ON STOCKS,.
COZ MARKETS MAY FALL SOON.. AS CRUDE MOVING ON UPPER SIDE..
IF IT HOLDS ON $105.8 TONIGHT THEN I THINK NEW HIGHS TONIGHT CAN BE MADE...
U.S. crude oil futures closed Thursday at a fresh 2 1/2 year high, as Middle East protests and the conflict in Libya fueled supply worries in crude markets.
On the New York Mercantile Exchange, U.S. light, sweet crude[CLCV1107.340.62(+0.58%)] settled up $2.45 at $106.72 a barrel. Thursday's close represented a 2.35 percent jump from the prior session.
Thursday also marked the last day of the first quarter. U.S. crude futures ended the first quarter $15.34 higher, a 16.78 percent leap from the fourth quarter 2010.
Oil prices built on early gains when a U.S. government report showed jobless claims fell last week, the report arriving a day before the closely watched March nonfarm payrolls report.
Adding support, the Institute for Supply Management-Chicago said its employment index in March hit the highest level since December 1983, though its overall business barometer dipped in February.
The prospect of a protracted conflict in Libya remained as forces loyal to Muammar Gaddafi took back oil ports at Ras Lanuf and Brega. Rebels massed for a counter-attack in eastern Libya on Thursday, both encouraged by and wary of news of covert U.S. support and the defection of Gaddafi's foreign
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