Oil Futures Hit High For The Year

MarketWatch Pulse

Oil futures climbed a second straight day Wednesday to finish at their highest level of the year. Data from the Energy Information Administration showed that crude supplies fell for a sixth week in a row, but it also showed that domestic production rose on the week. July crude added $1.29, or 2.1%, to settle at $61.43 a barrel on the New York Mercantile Exchange. That was the highest settlement for a most-active contract since December.

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