Crude Oil Prices Rise Sharply After a Report on Inventories
By BLOOMBERG NEWS
Crude oil prices surged past $30 a barrel yesterday after an industry
report showed that United States inventories were at their lowest
levels since 1976.
The report, released after the market closed on Tuesday, heightened
concerns about potential supply shortages later this year. Oil
inventory levels remain low even though OPEC has increased
...... Read more on The New York Times
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