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Oil Prices Surge Past $57 a Barrel Before Retreating

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Oil Prices Surge Past $57 a Barrel Before Retreating

Business

Oil Prices Surge Past $57 a Barrel Before Retreating

Oil Prices Surge Past $57 a Barrel Before Retreating

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  • <iframe src="https://www.npr.org/player/embed/4539933/4539934" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

A move by OPEC officials to increase output does nothing to hold back upward pressure on prices, as oil goes above $57 a barrel Thursday before falling back. Analysts believe gas prices this summer may hit a new high.