Energy

Business Week reported that crude oil surged for a second day on forecast that stockpiles dropped in the U.S.

Business Week reported that crude oil surged for a second day on forecast that stockpiles dropped in the U.S.

The market news is quoted as saying:

The Energy Department may say crude inventories dropped to 350.1 million barrels last week, according to the median of 10 analyst estimates in a Bloomberg News survey. Gasoline supplies probably fell 500,000 barrels to 208.3 million, the survey shows. The industry-funded American Petroleum Institute will release its own data today.

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