Energy Prices Climbed
MARKETSCOPE : Energy prices rallied on Tuesday, as investors continued making bets and waiting for more information about the fuel supply.
December West Texas Intermediate crude climbed to $62.44 near closing time from $60.05 in earlier trading.
Investors waited for Wednesday's Department of Energy inventory report, which was expected to show that crude oil stocks rose 2 to 4 million barrels, distillates fell 1 to 2 million barrels, and gasoline fell 1 to 2 million barrels.
Markets have been volatile in recent months, amid shortage worries triggered by hurricanes and refinery problems. But Hurricane Wilma recently missed offshore fuel production facilities, easing some earlier fears.