Oil Finishes Week Over $107

Oil rose almost $2 Friday to finish the week over $107 a barrel, on signs that the U.S. economy was rebounding, Bloomberg reported.

Benchmark light sweet crude futures rose $1.95 to close the week at $107.06 a barrel on the New York Mercantile Exchange.

The closing price was the highest since last Friday, Bloomberg Nymex figures showed. Oil has been in the $105 to $110 range for the past month.

in the past two weeks and gasoline prices are approaching that level.



The Department of Energy will release its weekly survey of filling stations Monday afternoon in Washington.

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