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Commodities

Wednesday May 6, 01:53 PM

 

 

In New York, light sweet crude for June delivery hit 54.44 dollars -- the highest level since last November

By David McNew

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Oil rigs extract petroleum in the Los Angeles area community of Culver City, California. World oil prices rallied on Wednesday, hitting a new five-month peak in New York, despite expectations that a key report will show rising crude inventories in key consumer the United States. Oil rigs extract petroleum in the Los Angeles area community of Culver City, California. World oil prices rallied on Wednesday, hitting a new five-month peak in New York, despite expectations that a key report will show rising crude inventories in key consumer the United States.


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