Crude Futures Briefly Touch $66

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Oil prices rose briefly to $66 a barrel Thursday on concerns about gasoline supplies.


After climbing as high as $66 a barrel, light sweet crude for September delivery retreated to $65.45 a barrel, an increase of 55 cents in afternoon trade on the New York Mercantile Exchange. Gasoline futures surged more than 5 cents to $1.948 a gallon, while heating oil also rose more than a nickel to $1.8910 a gallon. Brent crude for September delivery gained 40 cents to $64.39 on London’s International Petroleum Exchange.


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