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TFC Commodity Trading Forum

Oil above $100 a barrel for first time since May * *PIC*

Oil above $100 a barrel for first time since May ( CLV2 ) (by Kate Gibson)

NEW YORK (MarketWatch) -- Oil on Friday climbed to $100 a barrel for the first time since May as unrest in the Middle East and North Africa sparked worry of supply distruptions and after the Federal Reserve vowed another round of stimulus. Crude for October delivery (clv2) rose to an intrade high of $100.42 a barrel in electronic trade on the New York Mercantile Exchange. It lately traded at $99.73, up $1.42 or 1.4%.