Oil Rises In Asia –

Oil rose to almost $75 dollars a barrel in trading in Asia.  The move was sparked by a report showing a drop in crude oil inventories.  Inventories fell 7.3 million barrels last week which was much larger than the 730,000 barrel drop that analysts had predicted.  The market is still well supplied with oil and the rise in oil prices could be short lived. 

To read a related Bloomberg article, please click here:


James Sutliff

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