MARKET WATCH: NYMEX oil price climbs above $42/bbl, reaching 2016 high

Light, sweet crude oil prices for May delivery climbed nearly $2 on the New York market Apr. 12 to settle slightly above $42/bbl, marking the highest front-month closing for the year so far. Brent crude oil prices on the London market for June closed above $44/bbl.

Source: News