Oil prices continued their rally towards record highs on Thursday, shooting more than USD 2 a barrel on back of a weak dollar.
Light sweet crude for April delivery rose USD 2.95 to settle at a record USD 102.59 a barrel on the New York Mercantile Exchange.
Other energy futures also rose on Thursday. March gasoline futures rose 1.8 cents to settle at USD 2.4957 a gallon on the Nymex, while March heating oil futures rose 7.45 cents to settle at USD 2.8456 a gallon.
April natural gas futures jumped 38.3 cents to settle at USD 9.443 per 1,000 cubic feet.
In London, April Brent crude rose $2.63 to settle at $100.90 a barrel on the ICE Futures exchange.
Retail gasoline prices rose 0.9 cent overnight to a national average of $3.161 a gallon.
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