U.S. crude futures surged by $1.00 a barrel to hit a new seven-month above $71 on Wednesday, extending the previous session’s gain of 2.8 percent after data showed a steep dip in U.S. crude inventories. For full story, click here
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Light sweet crude oil for May settlement surged to $52.17 per barrel, up $2.79 for the session. For full story, click here
Oil futures edged lower early Friday after rising 7.2% in the previous session. Crude oil for April delivery dipped 49 cents, or 1%, to $51.12 a barrel in electronic trading on Globex. For full story, click here
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