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.