Reply #50: Crude closes at $59.37 - UP 90 cents bbl

[UpInArms]

2:59pm 06/20/05 CRUDE CLOSES AT A RECORD $59.37, UP 90 CENTS

Crude sets another record at Monday's close

http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38523.634304537-836978291&siteID=mktw&scid=0&doctype=806&

DALLAS (MarketWatch) -- July-dated crude futures closed at an all-time high of $59.37 a barrel, up 90 cents, Monday on the New York Mercantile Exchange. Many analysts said it is only a question of when oil prices will hit $60 a barrel and not if. Supply concerns, particularly as they relate to distillate fuels, are driving the market.

(edited to add blurb and link)