Bloomberg | Oil Surges After U.S. Crude Supplies Tumble the Most Since 1999 Bloomberg Oil jumped the most in almost five months after the biggest drawdown in U.S. crude inventories in 17 years. Crude inventories fell 14.5 million barrels last week, the biggest drop since January 1999, according to the Energy Information Administration. Saudi, Algerian Oil Ministers Plan Meeting With OPEC Secretary General Novak: Here's a major red flag in the oil market Why The Saudi-Russian Oil Agreement Is Doomed To Fail |