Crude prices surged nearly 5% to trade above $ 72/bbl
2009 August 20
Crude prices surged nearly 5% to trade above $ 72/bbl after US govt data showed a steep drop in crude imports & inventories
Crude prices surged nearly 5% to trade above $ 72 per barrel after US government data showed a steep drop in crude imports and inventories.
Crude Nymex September was up 5.2% to $ 72 a barrel while Nymex October contract was at $ 73.50 a barrel. US weekly invneotries declined 8.4 million barrels. The fall is most in 15 months. US imports also declined. Gasoline gained 4% after inventories decline 2.18 million barrels.
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