Oil Climbs Above $100

Bloomberg reports that crude oil jumped above $100 a barrel in New York.

The market news is quoted as saying:

Oil advanced 3.3 percent after the department said supplies fell 15,000 barrels to 370.3 million last week. Inventories were forecast to rise 1.7 million barrels, according to analysts surveyed by Bloomberg News. Refineries operated at 83.2 percent of capacity, the most since the week ended April 1.

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