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excel

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excel

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Friday, 10/15/2004 3:28:05 PM

Friday, October 15, 2004 3:28:05 PM

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Oil ends at a record near $55, up for the week By Myra P. Saefong

SAN FRANCISCO (CBS.MW) -- Crude futures closed just pennies short of $55 a barrel Friday with traders uncertain about the overall effect of high energy prices on demand, but managed to mark a fresh record high in New York. For the week, prices were up $1.62 a barrel on concerns over dwindling heating-oil supplies for the winter. November crude closed at $54.93, up 17 cents for the session after briefly tapping an intraday high of $55 for the first time ever.

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