Oil Marks Highest Finish In Nearly 3 Weeks

By Myra P. Saefong Markets MarketWatch Pulse

Oil prices settled higher Wednesday after the Energy Information Administration reported a fall in U.S. crude inventories--the sixth weekly decline in a row. June West Texas Intermediate crude rose 41 cents, or 0.8%, to settle at $49.07 a barrel on the New York Mercantile Exchange. It ended at the highest level since April 28, according to FactSet data.

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