Oil leaps to $96 high on U.S. inventory drop (Reuters)

By Pete Southern in Uncategorized | November 1, 2007 9:00 |

Oil leaps to $96 high on U.S. inventory drop (Reuters)

Workers discuss on the deck of an oil tanker at Bonga off-shore oil field outside Lagos, October 30, 2007. (Akintunde Akinleye/Reuters)Reuters – Oil leaped nearly 2 percent to top $96 for the first time on Thursday, extending the previous day’s 5 percent surge after an unexpected sharp fall in U.S. crude stocks and data showing strong economic growth.



Source: news.yahoo.com

Pete Southern About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.



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