Thursday 25 April 2013

Oil prices jump; US gasoline stocks decline Oil prices down US Energy Information Administration reaction to weak manufacturing data in China and Europe

Oil prices rose on Wednesday, led by gains of 2.5 percent in US crude on a surprisingly big drop in weekly gasoline stockpiles and speculation that the glut of crude at the Cushing, Oklahoma hub could soon ease. Weekly data from the US Energy Information Administration showed that inventories at...Oil prices jump; US gasoline stocks decline Oil prices down US Energy Information Administration reaction to weak manufacturing data in China and Europe

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