Oil futures climbed to a new record near $143 a barrel Friday as the dollar weakened against the euro, confirming expectations that the falling greenback, a major factor in crude's stratospheric rise, will extend its decline and add to oil's appeal. ¶ Retail gas prices inched lower overnight, but are likely to resume their own trek into record territory now that oil futures have broken out of the trading range where they had been for nearly three weeks. ¶ Light, sweet crude for August delivery hit $142.99 a barrel on the New York Mercantile Exchange before pulling back in late-day profit-taking to settle up 57 cents at a record $140.21.
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The Massachusetts Institute of Technology has chosen Apple CEO Tim Cook to deliver its 2017 commencement address.
Sen. Harry Reid bid farewell to the Senate Thursday after 30 years in the chamber and more than a decade as top Democrat, a remarkable run during which he shepherded key Obama administration legislation including the sweeping health care law.