Crude supplies show an unexpected drop, sending prices to another intraday record.
Oil prices topped $104 a barrel Wednesday for the first time ever after a government report said supplies of crude fell significantly last week, instead of rising as expected.
U.S. light crude for April delivery reached $104.30, beating the previous the all-time intraday high of $103.95 set Monday. It eased slightly to $104.19, up $4.67 on the session.
Oil had traded up $2.05 to $101.57 a barrel just prior to the inventory report's release at 10:30 a.m. ET.
In its weekly report, the Energy Information Administration said crude stocks fell by 3.1 million barrels last week. Analysts were looking for a rise of 2.3 million barrels, according to a Dow Jones poll.
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