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Crude Jumps

 Phil Amato     Created: 10/19/2009 6:58:15 AM    Updated: 10/19/2009 6:59:49 AM
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SINGAPORE (AP) -- Oil prices jumped above $79 a barrel today, a 2009 high.

Investors looked to the corporate earnings of big U.S. retailers this week for signs the consumer may be regaining confidence.

Last week, crude broke out of a five-month trading range between $65 and $75 a barrel on a weakening U.S. dollar and expectations that oil demand will eventually recover as the global economy grows next year.

©2009 Associated Press. All rights reserved. This material may not be published, rewritten, or redistributed.



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