Crude-oil inventories fell unexpectedly last week after four straight weeks of gains.
For the week ended May 16, crude-oil inventories dropped by 5.4 million barrels to 320.4 million barrels, which is 6.5 percent below year-ago levels, the Energy Department’s Energy Information Administration (EIA) said in its weekly report.
Analysts expected a gain of 900,000 barrels, according to [...]

Oil rose again, as traders kept buying on the belief that prices will just keep setting new records.
Light, sweet crude for June delivery gained $2.17 to settle at $126.29 on the New York Mercantile Exchange. Crude shot up to $127.82 a barrel, a new record, earlier in the session.
The market showed little reaction to the [...]