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Crude Oil Gains a Second Day in London Amid Middle East Unrest
Feb. 15, 2011 10:23AM PST
Oil and Gas InvestingBloomberg reports that oil in London rose for a second day as civil unrest spread from Egypt to crude-producing countries in the Middle East.
Bloomberg reports that oil in London rose for a second day as civil unrest spread from Egypt to crude-producing countries in the Middle East.
The market news is quoted as saying:
U.S. crude inventories nationwide probably advanced 2.5 million barrels, or 0.7 percent, in the seven days to Feb. 11 from 345.1 million a week earlier, according to the median estimate of 10 analysts surveyed by Bloomberg News.