The Energy Department today reported that gasoline stockpiles also rose 1.69 million barrels to 236 million last week. Including last week, inventories have risen for 18 consecutive weeks. Distillates inventories in the U.S. dropped 1.2 million barrels, less than the 1.9 million barrel forecast.
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Oil Crude Price Near $110
U.S. crude oil prices surged near $110 a barrel on Wednesday on weak U.S. currency
U.S. crude oil prices surged near $110 a barrel on Wednesday after the dollar fell to a record low against the euro.
Crude oil futures rose $1.23 or 1.13 percent to $109.98 a barrel on the New York Mercantile Exchange at 2:39 p.m. In London crude futures rose 0.88 cents or 0.83 percent to $106.77 a barrel on the ICE Futures Exchange.
The Energy Department today reported that gasoline stockpiles also rose 1.69 million barrels to 236 million last week. Including last week, inventories have risen for 18 consecutive weeks. Distillates inventories in the U.S. dropped 1.2 million barrels, less than the 1.9 million barrel forecast.
The Energy Department today reported that gasoline stockpiles also rose 1.69 million barrels to 236 million last week. Including last week, inventories have risen for 18 consecutive weeks. Distillates inventories in the U.S. dropped 1.2 million barrels, less than the 1.9 million barrel forecast.
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