Oil Crosses $85 A Barrel Mark (SCO, DBO)

Oil crossed $85 a barrel mark in trading today on back of some strong U.S. economic data. Crude oil for delivery in June was up by 1.7% to $85.12 a barrel, while Brent crude rose 1.84% to $87.25 a barrel. In New York, the ProShares UltraShort DJ-UBS Crude Oil (ETF) (NYSE: SCO) closed 3.26% lower at $11.57, while the PowerShares DB Oil Fund (ETF) (NYSE: DBO) closed 1.68% higher at $29.13.