US stocks up for the week
Stocks capped a week of gains with yet another advance today as investors, setting aside a record high price for oil, focused instead on a surge in consumer confidence. The major indexes all closed the week higher.
Wall Street shrugged as crude oil futures hit an all-time high of 58.60 US dollars per barrel, before settling at 58.47 dollars, up 1.89 dollars, on the New York Mercantile Exchange. An increase in demand and worries about global refining capacity drew heightened speculation in the oil market.
