Oil Surges $1.90 to $85.81 a Barrel

Business Week reported that oil surged $1.90 to $85.81 a barrel after the U.S. Energy Department’s report that crude supplies fell.

As quoted in the market news:

Oil for August delivery advanced $1.90 to settle at $85.81 a barrel on the New York Mercantile Exchange.

Click here to read the full Business Week report.