Oil Rises a Second Day After Distillate Gain Less Than Expected
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Crude oil rose for a second day after the US government yesterday reported a smaller-than-expected increase in winter inventories of heating oil and diesel.
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Oil prices bounced higher Friday following two days of sharp declines that came on the heels of rising inventories of crude in the United States and a move by China to cool its economy.
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Oil prices held firm on Friday after leaping almost $2 a day earlier on news US crude stocks sank to a five-month low last week and distillate fuels barely grew ahead of winter.
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Crude oil prices rise again after eight days of losses, after a US report shows stocks at their lowest since March.
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Crude oil rose slightly on Friday to $47.57 per barrel compared to yesterday fall on expectations for inventories to be lifted. December crude oil was at $47.
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NEW YORK - Oil prices jumped nearly two dollars on Thursday after the US government said crude stocks fell to a fresh five-month low last week and distillate fuel inventories barely grew ahead of winter.
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Crude oil prices rose slightly Wednesday after falling for two straight days, as the market braced for a crucial US oil report that could presage a renewed upward move in prices.
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Oil prices rose for a second day on   Friday after a brief mid-week dip below $60 a barrel, as   investors bet a six-week slump driven by rising U.S.   inventories and easing Iran tensions could be coming to an end.
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Oil prices edged higher for the second day on Wednesday, recovering from a week-long &#36;5 slump ahead of U.S. inventory data expected to show a slight draw in distillates, which include winter heating fuel.
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Oil prices climbed more than $2 higher  on Friday on renewed concern over  supplies of distillate fuels  in all main consuming centers before the Northern Hemisphere  winter.
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U.S. oil prices edged higher for the second day in a row on Tuesday amid calls within OPEC to crack down on excess output at this week's meeting.
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Oil prices edged higher for the second day on Wednesday ahead of US government data expected to show a slight decline in winter heating fuel stocks.
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Oil prices have climbed for a second day after twin car bombs exploded in Saudi Arabia&#39;s capital, Riyadh, and the US Government reported another decline in lean winter heating fuel stocks.
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Oil prices climbed more than $2 higher on Friday on renewed concern over supplies of distillate fuels in all main consuming centers before the Northern Hemisphere winter.
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Oil prices jumped nearly two dollars  on Thursday after the U.S. government said crude stocks fell to  a fresh five-month low last week and distillate fuel  inventories barely grew ahead of winter.
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Stocks extended their gains into a second day yesterday as investors digested a jump in the second-quarter gross domestic product while keeping a close eye on falling oil prices.
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Oil prices climbed yesterday as tight supplies of distillate fuels ahead of the northern hemisphere winter spurred buying. London IPE Brent rose 61 cents to $43.33 a barrel , while US light, sweet crude gained 46 cents to $46.68 a barrel.