Oil Surges After US Reports Supplies Fell More Than Expected
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Crude-oil futures surged almost $2 a barrel, the biggest increase in two months, after the Energy Department reported that US oil supplies declined more than expected.
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NEW YORK -- Oil prices surged yesterday on fears of hurricane damage and lower-than-expected crude oil and gasoline inventory data released by the government.
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Oil prices fall 7.4% on US data showing a larger-than expected increase in crude supplies - sparking Wall Street to a nine month high.
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Oil prices surpassed $100 a barrel for the first time after a U.S. government report showed a steep slide in crude inventories.
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Oil prices hit another new record after an unexpected fall in US crude stockpiles adds to winter supply concerns.
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Oil prices jump to record closing levels in New York amid concerns about the US supply situation.
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Crude oil tumbled more than $3, its biggest decline in three years, after a government report showing an increase in US heating oil inventories spurred expectations of adequate supplies this winter.
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NEW YORK - Oil futures prices rose sharply yesterday, briefly climbing above a record $80 a barrel after the government reported a surprisingly large drop in crude inventories and declines in gasoline supplies and refinery activity.
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Oil prices surged nearly 6 percent on  Wednesday as the U.S. government reported a fall in heating oil  stocks in the midst of the season's first arctic cold blast in  the Northeast.
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Oil prices surged nearly 6 percent on  Wednesday as the U.S. government reported a fall in heating oil  stocks in the midst of an arctic cold blast in the Northeast,  the world's largest heating oil market.
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Crude oil futures surged Wednesday as the US Energy Department reported US oil supplies fell more than expected. Crude oil for October delivery rose 1.68 dollars to 43.
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Oil prices surged nearly $2 a barrel Wednesday following two bombings in the capital of Saudi Arabia and after the US government reported that winter fuel supplies shrank last week.
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Oil prices rose amid expectations a report will show U.S. crude stockpiles fell last week to post the seventh straight decline in inventories for the worldâs largest energy consumer.
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U.S. stocks surged on Wednesday as oil  prices, which have held investor enthusiasm for stocks in check  for months, fell sharply after a higher-than-expected crude  build last week.
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Oil fell nearly $2 a barrel on Wednesday after a U.S. government report showed larger-than-expected increases in crude and gasoline stockpiles in the world's biggest consumer.
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Oil prices abruptly ended a losing streak on Wednesday, jumping nearly $1 after a US government report showed heating oil stockpiles down 16 percent from last year ahead of winter.
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The price of oil futures jumped sharply Wednesday when a disappointing decline in the US heating-oil supply trumped growth in the crude stockpile.