Crude Oil futures climbed to a high of $75 per barrel this Friday for the first time ever for a front month contract on concerns about tensions surrounding Iran's nuclear activities, violence in Nigeria, and tight U.S. supplies of unleaded gasoline. June crude was last up $1.26 or 1.7% at $74.95 per barrel.

We often see this sort of short covering in a record-setting bull market ahead of a weekend, since nobody is sure where we may be Monday

said trader Kevin Kerr.


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