OIL FUTURES: Crude Lifted By Equities Despite Oil Supply Glut - Wall Street Journal

NEW YORK (Dow Jones)--Crude futures ended higher Wednesday, supported by equities even as a U.S. government report showed oil demand sinking and inventories increasing.

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U.S. crude stockpiles, which were already at their highest point since September 1990, grew for a seventh consecutive week, as oil demand fell to a 10-year low, the U.S. Energy Information Administration said. Light, sweet crude for June delivery settled 30 cents, or 0.6%, higher at $48.85 a barrel on the New York Mercantile Exchange. The May contract expired on Tuesday at $46.51 a barrel. June ...

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