Published April 29, 2015 2:40pm EDT | Updated May 21, 2015 1:31pm EDT

Oil Futures Rally To Settle Above $58 a Barrel

Oil futures settled above $58 a barrel on Wednesday, at their highest level of the year. Prices got a boost from U.S. government data showing a decline in crude supplies at the Cushing, Okla. storage hub. June crude settled at $58.58 a barrel on the New York Mercantile Exchange, up $1.52, or 2.7%.