Oil Goes on a Tear; Jet Fuel Follows

831 Pr G550 Large

Just when you thought it was safe to sign that contract for the Gulfstream….

Crude oil futures took off today, closing up more than $5, to $127.79. Jet fuel followed crude’s lead, as New York Jet picked up 12 cents on the day to close at $3.77/gallon. Gulf Coast Jet was up 14 cents, closing at $3.78/gallon.