'Drill baby drill': Oil climbs above $65 for first time in more than three years

West Texas Intermediate crude oil climbed above the $65 mark for the first time in more than three years on Wednesday.
The benchmark is important because it is considered a 'break-even' price for producers.
Production will likely ramp up as "drill baby drill" becomes producers' new mantra, one analyst told Business Insider. A barrel of US benchmark West Texas Intermediate crude oil sold for more than $65 for the first time since December 2014 on Wednesday. 
The milestone is s