Oil prices were higher today trading up as Middle East tensions continue to flare up. The market saw some potential in negotiations over the last several days but is now concerned again that other countries could be drawn into the conflict. In the western hemisphere Mexico decided to curb crude exports in order to supply domestic refineries. This led to a record low US import of Mexican crude in early April. Meanwhile US crude stocks grew by 5.8MM/bbls, vs a forecasted build of 2.4MM/bbls. Refined products inventories also rose unexpected with gasoline up 700K/bbls and distillate stocks up 1.7MM/bbls. WTI traded up $.98 or 1.2% to close at $86.21. Brent traded up $1.06 or 1.2% to close at $90.48.