Crude oil prices rise

Crude oil prices rise

NEW YORK (AP) - Crude oil futures prices continue to climb, and energy industry analysts say the trend will likely lead to higher prices for consumers at the gas pump.

The near-month contract for the benchmark U.S. grade rose $1.57 cents on Friday - closing at $52.78 a barrel in New York.

Brent crude climbed $2.24 to $61.52 a barrel in London.

As the energy sector recovers along with the price of oil, traders on Wall Street appear to be encouraged because a stock index is back at a record high.

Strong economic growth in Europe also sent stocks higher on Friday. The S&P 500 rose 8 ½ points to 2,096.

That's six points above its record high in December.

The Dow climbed 47 points to 18,019.

The Nasdaq gained 36 points to 4,893.

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