Oil Prices Surge on Tightening Supply and Record Inventory Drawdown
TL;DR
Oil prices surged to their highest levels in over three months following a report indicating a significant decline in U.S. inventories last week, signaling a tightening supply in the market.
- Oil Prices Jump on Signs of Tightening Supply Barron's
- Oil Prices Rise as Report Points to Huge Drawdown in US Inventories Bloomberg Television
- Oil Prices Balloon On Largest Single-Week Crude Inventory Crash In Years OilPrice.com
- Short-covering by hedge funds lifted oil prices: Kemp ZAWYA
- Oil Prices Perk Up as Recession Worries Ebb and Supply Tightens The Wall Street Journal
- View Full Coverage on Google News
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