Sunday, May 29, 2005

Oil Rallies For 5th Straight Day

July crude climbed 84 cents to $51.85 a barrel, moving upward on the news that Saudi King Fahd was seriously ill and hospitalized. Crude rose every day last week, for a gain of $3.20, after hitting a 3-month low in the prior week. The Energy Department on Wed. said U.S. crude inventories unexpectedly declined.

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