Crude oil

CNN reports that gas prices are down:

The average price for retail gasoline has slipped to $1.901 a gallon Thursday, down from the all-time record $2.054 set on May 26, according to the AAA motorist group, bringing some relief to drivers who are expected to hit the roads by the millions for the long weekend.

Let's see how long it lasts:

Oil prices have surged again on jitters over dwindling US reserves and fears Opec may renege on its vow to up output
US traded crude hit highs of $39.10 a barrel before settling $1.69 higher at $38.74, while UK Brent crude closed $1.57 up at $36.07.

The jump follows US energy data showing its crude supplies had dropped 500,000 barrels to 304.9 million barrels.

Meanwhile, Opec member Saudi Arabia has hinted the producers cartel may not be raising its output quotas further.