Crude Oil On Rise On Lower Supplies

World crude oil prices rose Wednesday after a U.S. weekly stockpiles report indicated lower supplies of gasoline and diesel.

New York's main contract, light sweet crude for delivery in May, rose 47 cents to 66.70 dollars a barrel at the NYMEX.

On London's ICE Futures exchange, the price of Brent North Sea crude for May delivery rose 21 cents to 66.60 dollars a barrel.

The Energy Department said in its weekly report that domestic inventories of gasoline shrank by 4.4 million barrels last week to 211.8 million barrels, or roughly in line with year-ago levels. The nation's supply of distillate, which includes diesel and heating oil, fell by 2.6 million barrels to 121.6 million barrels, or 16 percent more than last year.