WATCH IDCN. Oil Prices Extend Gains Above $72 a Barrel Thursday May 11, 6:31 am ET By Gillian Wong, Associated Press Writer Oil Prices Extend Gains Above $72 a Barrel on Renewed Supply Concerns
SINGAPORE (AP) -- Crude-oil futures rose Thursday after a refinery snag in Texas and the fatal shooting of an American oil worker in Nigeria renewed supply concerns despite U.S. government data that showed domestic gasoline stocks rose. ADVERTISEMENT
Light, sweet crude for June delivery rose 33 cents to $72.46 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained $1.44 to settle at $72.13 a barrel Wednesday.
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