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Oil Rises to 12-Week High as Declining Supplies Spur Bull Market
Oct. 25, 2011 03:05PM PST
Resource InvestingBloomberg reported that crude oil surged to a 12-week high after U.S. stockpiles dropped.
Bloomberg reported that crude oil surged to a 12-week high after U.S. stockpiles dropped.
As quoted in the market news:
Crude oil for December delivery increased $1.90 to $93.17 a barrel on the New York Mercantile Exchange, the highest settlement price since Aug. 2.