Oil Crosses $82 A Barrel Mark (SCO, DBO)

Oil prices have crossed $82 a barrel a mark in trading today. Crude oil for delivery in May was up by $1.10 to $82.55 a barrel, while crude oil for delivery in June was up by $0.85 to $83.98 a barrel. Brent crude for delivery in May was up by $0.98 to $85.25. On Monday, the ProShares UltraShort DJ-UBS Crude Oil (ETF) (NYSE: SCO) closed 2.78% higher at $12.21, while the PowerShares DB Oil Fund (ETF) (NYSE: DBO) closed 1.49% lower at $28.39.