Economics
Crude Oil Surges to Highest Year-End Price Since 2007 on Dollar
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Oil surged to its highest year-end price since 2007 as the dollar weakened and gasoline and heating oil futures climbed.
Crude capped its second consecutive year of gains as the dollar dropped against the euro, boosting commodities’ appeal as an alternative investment. Oil settled above $91 a barrel after testing technical support near $89. Gasoline and heating oil advanced before the January contracts expired today.