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Crude oil pushes past $106 a barrel.

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Tarantula   Thursday, 03/24/11 12:51:16 PM
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Crude oil pushes past $106 a barrel.

SAN FRANCISCO — Crude-oil futures soared past $106 a barrel Thursday as traders worried about the Middle East and North Africa and overlooked the day’s weak macroeconomic data and a political crisis in Portugal.

Light, sweet crude for May delivery /quotes/comstock/21n!f:cl\k11 (CLK11 105.85, +0.10, +0.10%) rose 51 cents, or 0.5%, to $106.26 a barrel. A close around these levels would be the highest settlement since Sept. 26, 2008.

It earlier rose as high as $106.69 a barrel.



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