Crude Oil Rises –

Crude oil rose to almost $78 and hit a two week high.  Data indicated that inventory declined sharply last week and fell over 5 million barrels.  Analysts expected inventory to decline only 1.5 million barrels.  One reason for the decline was the increase in operating rates at refineries which rose to over 90%.

To read a related Bloomberg article, please click here:

Jim Sutliff

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