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Oil Prices Surge 5.7%, Boosted by Heavy Draw on Stockpiles - Wall Street Journal
Wall Street Journal | Oil Prices Surge 5.7%, Boosted by Heavy Draw on Stockpiles Wall Street Journal Oil prices surged after data showed an unexpectedly large decline in U.S. crude stockpiles, raising expectations that a lingering supply glut is about to ease. Crude climbed 4% in less than an hour late Wednesday morning after data from the U.S. Energy ... US oil surges 5.7% to settle at $47.15 a barrel Oil rallies on large US drawdown, Fed speculation Oil price up 4% to $47 as EIA shows crude inventories finally dropping |
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