Oil Rises On Inventory Report –

Crude oil rose above $100 a barrel after an Energy Department report indicated that supplies remained flat.  Analysts had expected a rise in crude oil inventory by 500,000 – 700,000 barrels.  Also, gasoline inventories rose 100,000 barrels which fell short of the nearly 600,000 barrel increase predicted by analysts.

To read a related MarketWatch article, please click here:

http://www.marketwatch.com/story/oil-futures-gain-as-dollar-declines-2011-05-17?dist=countdown

Jim Sutliff

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