Crude Oil Climbs for Third Day

- June 29th, 2011

Bloomberg reports that oil surged for a third day after a report showed U.S. crude stockpiles fell almost three times.

Bloomberg reports that oil surged for a third day after a report showed U.S. crude stockpiles fell almost three times.

The market news is quoted as saying:

The Energy Department said crude inventories declined 4.38 million barrels, compared with a median analyst projection for a 1.5 million-barrel decrease.

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