Oil trades near $81 a barrel - BloombergUTV

NEW YORK: Crude oil traded near $81 a barrel after rising as a US government report showed that refinery operating rates climbed to the highest level since October, bolstering demand.

I know I can count on my LIC policy for life :)

  Oil rose to a seven-week high yesterday after the Energy Department report showed refinery utilization increased 0.7%age point to 81.9% in the week ended Feb. 26. Analysts surveyed by Bloomberg News forecast that there would be no change. Inventories of crude oil climbed 4.03 million barrels, more than three times what was estimated. Crude oil for April delivery traded at $80.94 a barrel, up 7 cents, in electronic trading on the New York Mercantile Exchange at 10:10 a.m. Sydney time. Yesterday, the contract increased $1.19, or 1.5%, to $80.87, the highest settlement since Jan. 11.

Full Story: Oil trades near $81 a barrel - BloombergUTV