North Dakota Oil

North Dakota crude has climbed above $100 a barrel for the first time in history. Lynn Helms...  More »

North Dakota crude has climbed above $100 a barrel for the first time in history. Lynn Helms, the director of the state Department of Mineral Resources, said prices for North Dakota sweet crude hit $100 a barrel on Tuesday, and is at $101.83 a barrel on today. Prices are up more than $40 a barrel from a year ago. Helms called the record three-digit oil prices historic and big news. Light, sweet crude for April delivery fell 12 cents to settle at $110.21 on the Nymex Friday after rising earlier to within pennies of its latest trading record of $111, set Thursday. It was oil's first decline in a week. Helms said prices for North Dakota crude generally lag about 10 percent behind, because of the increased distance to market.  « Less