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Oil Rises 97 Cents as Inventories Climb Less Than Forecast
Feb. 09, 2012 11:37AM PST
Resource Investing News Bloomberg reported that oil surged 97 cents as the U.S. Energy Department confirmed that oil stockpiles increased less than expected.
Bloomberg reported that oil surged 97 cents as the U.S. Energy Department confirmed that oil stockpiles increased less than expected.
As quoted in the market news:
Brent oil for March settlement climbed 97 cents, or 0.8 percent, to end the session at $117.20 a barrel on the London- based ICE Futures Europe exchange. It was the highest settlement since July 28.