In the energy market Wednesday, crude for June delivery debuted as the front-month contract by rising slightly to close at $118.30/barrel, up 23 cents. May reformulated gasoline gained 3.23 cents, solidifying its place above $3 at $3.0424/gallon.

Stockpile declines catch analysts flat-footed. In the energy market Wednesday, crude for May delivery skyrocketed to a new alltime high, closing at $110.87/barrel, up $2.37 after hitting an intraday high of $112.21. May reformulated gasoline rose 2.38 cents, to $2.7742/gallon.

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