Crude oil closed solidly higher Tuesday, with the US futures contract hitting their highest point so far this year on expectations of a decline in US production. The US benchmark, West Texas Intermediate for May delivery, rose $ 1.84 to finish at $ 53.98 a barrel on the New York Mercantile Exchange, the highest close since December 30, at $ 54.12.
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Posted Mar. 20, 2015 at 10:02 AM