Oil futures jump back above $$90 a barrel
Oil futures jumped back above $$90 a barrel Friday, adding to the previous session's sharp gains on a view that the recession worries that pulled prices lower in recent weeks may have been overblown.At the pump, meanwhile, gas prices fell below $$3 for the first time in weeks.Energy investors were heartened by recent moves by the Federal Reserve and Congress to shore up the economy, which could prevent oil demand from slowing as much as many had feared.
Oil prices jumped above $79 barrel Monday, rising to the highest level in seven weeks as an extended cold snap in the US triggered an end-of-year rally in energy futures.