Wednesday, May 25, 2005

NEWS ALERT OIL ABOVE $50

Oil Prices Rise Above $50 Per Barrel MarkWednesday May 25, 11:14 am ET By Madlen Read, AP Business Writer
Oil Prices Climb Above $50 Per Barrel Mark After U.S. Crude Inventories Fall 1.6 Million Barrels
NEW YORK (AP) -- Crude oil prices climbed above $50 a barrel on Wednesday after U.S. crude inventories fell 1.6 million barrels, the second drop in 15 weeks.
Light, sweet crude for July delivery rose $1.03 to $50.70 a barrel in morning trading on the New York Mercantile Exchange. Heating oil prices rose nearly a penny .


**Is that our current BULL MKT? just trading from ONE news story to the next?

D

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