Nymex crude oil rose $1.25 to finish at a four-month high $95.49/bbl after a steady advance on...

|By:, SA News Editor

Nymex crude oil rose $1.25 to finish at a four-month high $95.49/bbl after a steady advance on bullish economic data (I, II) and supply concerns stemming from the hostage situation at the Algerian gas facility. Prices rose as high as $96.04 in afternoon action and settled with a 1.3% gain. Governments continue to scramble for information about the fate of their citizens in Algeria.