Oil rises above $65 as OPEC holds steady - CNNMoney.com

Oil rises above $65 as OPEC holds steady OPEC decision to hold daily production quota at 25 million barrels and a government report showing falling crude supplies support rising oil prices.

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NEW YORK (CNNMoney.com) -- Oil rose above $65 a barrel Thursday after OPEC decided to leave the group's crude production unchanged and an inventory report showed an unexpected decline in supply. Light, sweet crude for July delivery rose $1.63, or almost 2.6%, to settle at $65.08 a barrel Thursday.

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