Thursday, July 11, 2013

Oil Rises Above $104 on Large US Crude Draw

CNBC Tuesday 9th July, 2013

U.S. crude futures jumped more than $1 to as high as $104.79 a barrel on Wednesday after American Petroleum Institute data showed a much sharper-than-expected fall in U.S. crude stocks. The API data, which was released after Tuesday's settlement, showed U.S. crude stocks fell by 9 million barrels last week, compared with a decline of 3.1 million barrels in a Reuters poll of analysts.(

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Source: http://www.asiabulletin.com/index.php/sid/215731351/scat/d805653303cbbba8

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