Crude oil futures rose above $54 a barrel Friday, following a brief cool-down in prices after a U.S. government report showed swelling stockpiles in crude and other fuels.
Light, sweet crude for July delivery was up 47 cents to $54.10 a barrel on the New York Mercantile Exchange by afternoon in Europe. Heating oil traded at $1.548 a gallon, while unleaded gas rose to $1.523 both up less than a penny. In London, Brent crude was fetching $53.05 on the International Petroleum Exchange, up 65 cents.
