ARD Closes at Record High of $37.02
Record Intraday High was $37.30

News of the day: Iran announces that it has enriched uranium.

The Department of Energy's Energy Information Administration stated that crude oil inventories climbed by 3.2 million barrels for the week ended April 7. However, Gasoline inventories declined week-over-week by 3.9 million barrels. Both the crude inventories rising and the gasoline inventories declining are strong indications that the future price of oil will be much higher than it is today. I'll explain the rational in an upcoming post. Stay tuned.