"Total petroleum products supplied over the past four weeks averaged 19.1 million barrels a day, down 3.2% from a year ago, the Energy Information Administration reported.
Meanwhile, crude inventories rose 3.3 million barrels last week, more than the 1.4 million barrels expected by analysts surveyed by Platts. At 356.6 million barrels, stocks are at the highest level since July 1993.
Crude oil for May delivery dropped $1.21, or 2.2%, to end at $52.77 a barrel on the New York Mercantile Exchange. It ended the previous day's trading at $53.98, the highest closing level for a front-month contract since Nov. 28." MW
I suppose that some of you would like to bet that crude will continue to rise in price? pl