Oil Futures Settle At Highest Level Of The Year

Oil futures climbed on Wednesday to settle at their highest level of the year after a U.S. government report revealed the first weekly crude-supply decline since January. Prices, however, finished below the session's best levels, with analysts blaming the pull back on profit taking following a 25% gain in April. June crude settled at $60.93 a barrel on the New York Mercantile Exchange, up 53 cents, or 0.9%.