Oil tops $108 a barrel
Oil prices hit a new 30-month high on Friday after the world's top two oil consumers, the US and China, issued positive economic reports that pointed to increased demand.
Benchmark crude for May delivery rose $1.22 to settle at $107.94 per barrel on the New York Mercantile Exchange. The price climbed as high as $108.05 per barrel at one point. Oil hasn't been that high since September 2008.
In London, Brent crude added $1.21 to settle at $118.41 per barrel on the ICE Futures exchange. (AP)
