Oil Surged 4 Cents Due to Increase in Stockpiles

Bloomberg reported that oil surged 4 cents due to increase in stockpile.

As quoted in the market news:

Oil for May delivery was at $104.05 a barrel, up 4 cents, in electronic trading on the New York Mercantile Exchange at 9:34 a.m. Sydney time.

Click here to read the full Bloomberg report.