Reply #83: Crude tops $62 on U.S. inventories report

[UpInArms]

http://www.marketwatch.com/story/crude-tops-62-on-us-inventories-report

NEW YORK (MarketWatch) -- Crude-oil futures rose Wednesday to their highest level in more than six months, ending above $62 a barrel as government data showed U.S. crude inventories fell more than expected last week. Crude inventories decreased by 2.1 million barrels in the week ended May 15, the Energy Information Administration reported. Analysts surveyed by energy information provider Platts had expected a decline of 1.5 million barrels. Crude for July delivery, the new front-month contract, gained $1.94, or 3.2%, to end at $62.04 a barrel on the New York Mercantile Exchange, the highest closing level for a front-month contract since Nov. 10.

let no one mention that the buck is cratering :sigh: