Crude Oil Rises for a Second Day After Heating-Oil Supply Drop
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Crude oil futures rose for a second day after surging more than $2 a barrel yesterday when the government reported a decline in US heating-oil inventories and as below- normal temperatures this week boosted demand.
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Crude oil futures rose more than $1 a barrel yesterday after the government reported that the nation's supply of distillate fuel, which includes heating oil, shrank for the eighth consecutive week.
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OIL prices rose for a second day after blasts were heard in Saudi Arabiaâs capital and after the United States government reported another decline in lean winter heating fuel stocks.
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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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Oil prices rose 2 percent yesterday on the back of a rally in heating oil and natural gas futures that was supported by colder weather in the Western Hemisphere.
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Oil prices bounced higher on Friday after two days of sharp declines that came on the heels of rising inventories of crude in the US and a move by China to cool its economy.
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Crude oil prices climbed back to the $54 level Wednesday, reversing a two-day slide, after the US government&#39;s weekly petroleum supply report showed a fifth straight week of declining inventories of distillate fuel, which includes heating oil and diesel.
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Crude oil futures prices climbed yesterday on the back of a rally in heating oil after the US government said the nation's supply of distillate fuel declined for the ninth consecutive week.
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Crude oil futures rose for a second day amid speculation demand for heating oil may gain in the US after weather forecasters said unseasonably warm weather predicted this week will end in early January.
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Crude oil futures prices surged by almost $2 a barrel yesterday, the biggest increase in two months, after the Energy Department reported that United States oil supplies had declined more than expected.
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Oil prices edged higher for the second day on Wednesday, recovering from a week-long $5 slump ahead of US inventory data expected to show a slight draw in distillates, which include winter heating fuel.
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Crude futures sold off sharply for a second day in row Thursday, falling below $44 a barrel, as traders focused on rising fuel supplies and the lack of cold weather. The drop to two-month lows triggered an additional wave of technical and speculative selling, traders said.
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LONDON: Oil prices made fresh gains on Friday after leaping almost $2 a day earlier the US government said crude stocks sank for the sixth straight week last week and distillate fuels barely grew ahead of winter.
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U.S. residential heating oil prices  declined for the second week in a row and refineries have more  crude oil supplies to increase their heating fuel inventories  for the winter, the government said on Wednesday.
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LONDON : Oil prices rose slightly a day after renewed concerns over heating oil stocks in the United States brought a halt, even if temporary, to a sharp slide in prices in recent weeks.
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Crude oil futures rose, extending their biggest gain in six months yesterday when the US government reported a decline in US heating-oil inventories.
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Oil prices rose for the second day in a row on Thursday with an Arctic blast forecast to hit the United States next week, ramping up demand for heating fuels.