Oil prices bounce back above $$113 in volatile trading
Oil prices bounced back above $$113 a barrel in volatile trading Friday after falling sharply from the early week record near $$120 a barrel.Light, sweet crude for June delivery on the New York Mercatile Exchange rose 67 cents to $$113.19 a barrel in electronic trading by midday in Europe, up from a low of $$111.78 earlier in the session.
Oil prices jumped to a new record above $106 Friday in choppy trading after the dollar fell to a new low against the euro.