Crude Prices Move Above $52 Mark

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Crude oil futures climbed past the $52 mark on Wednesday, as some investors’ expectations for modest builds in crude and gasoline supplies in the next U.S. inventory data report were already factored into the market.


Light, sweet crude for July was up 53 cents to $52.50 a barrel on the New York Mercantile Exchange in morning trade. Heating oil rose more than 2 cents to $1.474 a gallon, while unleaded gas rose more than a cent to $1.479 a gallon. In London, Brent crude was up 46 cents on the International Petroleum Exchange, at $51.19 a barrel.


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