$54.96 last
And from Investing.com:
West Texas Intermediate oil futures rose to the highest levels of the session on Wednesday, after data showed that oil supplies in the U.S. rose less than expected last week.Earlier:
On the New York Mercantile Exchange, crude oil for May delivery rallied $1.68, or 3.15%, to trade at $54.97 a barrel during U.S. morning hours, the highest level since January 2. Prices were at around $54.06 prior to the release of the inventory data.
The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories rose by 1.3 million barrels in the week ended April 10, below expectations for an increase of 4.1 million barrels.
Total U.S. crude oil inventories stood at 483.7 million barrels as of last week, the most in at least 80 years, underling concerns over a supply glut.
The report also showed that total motor gasoline inventories decreased by 2.1 million barrels, compared to expectations for a drop of 0.2 million, while distillate stockpiles rose by 2.0 million barrels....MORE
Yikes! Oil Is Again At the Top Of The Recent Trading Range
