Crude Oil Advances in New York After Inventories Fall More Than Expected

- July 13th, 2011

Bloomberg reports that crude oil surged after decline in inventories showed in a U.S. Energy Department report.

Bloomberg reports that crude oil surged after decline in inventories showed in a U.S. Energy Department report.
The market news is quoted as saying:

Oil traded at $97.12 before the release of the report at 10:30 a.m. in Washington. Prices have risen 28 percent in the past year.

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