Sunday, December 10, 2017
 
 
News: Page (1) of 1 - 08/01/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Oil prices rise on surprise supply drop
Oil prices climb near $89 after government reports surprise drop in US supplies
By The Associated Press

NEW YORK (AP) ¯¯¯ The price of oil is climbing after the government said supplies have dropped more than analysts expected.

Benchmark U.S. crude rose 76 cents to $88.82 per barrel in New York on Wednesday, while Brent crude added $1.11 to $106.03 per barrel in London.

Prices rose after the Energy Information Administration said U.S. oil stockpiles fell by a surprising 6.5 million barrels last week ¯¯¯ four times what analysts expected. Gasoline supplies also dropped unexpectedly last week, according to the EIA.



Government reports also said that construction spending rose in June and U.S. manufacturing activity fell in July.

Meanwhile, retail gasoline prices jumped 2.1 cents to a national average of $3.521 per gallon.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines