U.S. crude futures edged lower but stayed above $71 a barrel on Thursday, paring Wednesday’s 0.8 percent gain that came on a weaker dollar and a rally in heating oil futures after government data showed a surprise dip in distillate supplies. For full story, click here
U.S. crude futures surged towards $72 a barrel on Wednesday, erasing a 0.2 percent loss made the previous day, after industry data showed a surprise drawdown in U.S. crude oil inventories last week against a forecast for a stock build. For full story, click here
The Department of Petroleum Resources declared that the country’s crude oil reserve have dipped from 39 billion barrels to 32 billion may afterall not have come as a thing of surprise to operators of the industry. For full story, click here
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