Oil prices have once again climbed above US$50 a barrel. Light, sweet crude for June delivery rose to US$50.13 a barrel on the New York Mercantile Exchange,
This rise is despite rising US inventories of crude oil and gasoline A 2.6 million barrel increase has been seen in inventories of crude oil last week, bringing the nation's inventories to 327 million barrels, 9% above year-ago levels.
05-May-05 
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