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Crude Pushes Toward $64

Stock quotes in this article: XOM , VLO , MRO  

Updated from 11:06 a.m. EST

Oil futures jumped to a 14-week high Wednesday after crude stockpiles fell more than expected last week in a government report.

Light, sweet crude for February delivery gained 26 cents to settle at $63.72 a barrel on Nymex. After the inventory figures were released, oil prices hit a high of $64.15 and then retreated after the report showed that refiners boosted production while gasoline and distillate stockpiles rose.

Wholesale unleaded gasoline lost 2 cents to $1.67 a gallon. ...

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Oil *
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