Thursday, May 21, 2009

Oil Prices Hit Six Month High - $62 a Barrel

Oil prices hit a six-month high Wednesday, climbing above $62 a barrel after a government report showed a drop in U.S. oil supplies for the second straight week. Benchmark crude for July delivery rose $1.94 to settle at $62.04 a barrel on the New York Mercantile Exchange before noon. Crude prices jumped to $62.14 earlier in the day, the highest....

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