Oil Back Above $61 on Crude Inventory Drop

(Updated with most recent oil and stock price moves.)

If it's Wednesday, it must mean analysts and investors are digesting the newest weekly oil inventory figures out of the Energy Department. (Or at least they would be if everyone weren't in a tizzy over a few earnings reports.)

Regardless, this afternoon, oil futures soared after the agency announced that crude inventories fell more than expected -- although the report also noted that gasoline inventories swelled more than expected. ...