Stocks up, dollar down. These numbers are getting out of control, again. At this rate the recovery - if you want to call it that - is going to be even worse than expected.
Crude-oil futures rose above $74 a barrel Friday to their highest level in 2009 buoyed by weakness in the dollar and by positive U.S. and European economic data.
In contrast, natural-gas futures fell sharply to end at a fresh seven-year low, pressured by a glut in supplies.
Crude oil for October delivery rose 98 cents to end at $73.89 a barrel on the New York Mercantile Exchange. The October contract surged 6.1% this week.
Earlier Friday, October crude futures rose to an intraday high of $74.72 a barrel in electronic trading on Globex. That's the highest level for a front-month contract since late 2008, according to FactSet Research data.
