Crude futures rallies to $62 as U.S. oil, product supplies fall

11:40 am ET Mar 7, 2007

DJIA

12,195

-11.62

S&P

1,392

-3.22

NASDAQ

2,373

-11.27

10Yr

4.52%

-0.004

Crude futures rallies to $62 as U.S. oil, product supplies fall

SAN FRANCISCO
Crude-oil futures climbed Wednesday to touch a high of $62 a barrel
after U.S. data showed that supplies of crude declined for the first
time in three weeks and distillate and gasoline inventories have been
falling for several weeks.

Market Snapshot: U.S. stocks drop after big rally as yen rises

NEW YORK
U.S. stocks were lower on Wednesday, as investors assessed the previous
session's rally in light of a rising Japanese yen, which revived some of
the concerns that have shaken global markets over the past week.