NEW YORK — The price of oil is poised for another run at $100 a barrel after a global economic rebound sent it surging 34 percent since May.
Benchmark oil for February delivery rose $1.54 on Friday to end the year at $91.38 a barrel on the New York Mercantile Exchange. It reached $92.06 earlier in the day, the highest since Oct. 6, 2008.
Flying, shipping a package and ordering a pizza all likely would get more expensive next year if that happens and companies pass along higher energy costs. Some economists say rising energy prices will slow economic growth.