Shares of petroleum producers and refiners on Wednesday crested to a new high mark for 2010, moving deeper into territory not seen since 2008, on bullish supply data, as oil stabilized above the $90-a-barrel mark.
The Energy Information Administration reported a drop of 5.3 million barrels in the past week, steeper than the estimate of 2.3 million barrels in a survey of analysts by Dow Jones Newswires. Gasoline inventories rose 2.4 million barrels verses the forecast for a gain of 900,000 barrels.
Crude futures rose to above $90 a barrel.
Dow Jones Industrial Average
(DJI: ^DJI )| Index Value: | 11,559.49 |
|---|---|
| Trade Time: | 4:02PM EST |
| Change: |  26.33 (0.23%) |
| Prev Close: | 11,533.16 |
|---|---|
| Open: | 11,532.17 |
| Day's Range: | 11,528.08 -11,566.99 |
| 52wk Range: | 9,596.04 - 11,601.00 |
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