Oil Surged 0.7% as Gasoline Stockpiles Declined

Bloomberg reported oil surged 0.7 percent as gasoline stockpiles declined.

As quoted in the market news:

Crude for May delivery on the New York Mercantile Exchange rose as much as 67 cents to $103.37, the highest price since April 5, and was at $103.16 a barrel at 1:05 p.m. London time. Prices are up 4.4 percent this year.

Click here to read the full Bloomberg report.