(Bloomberg) -- Crude oil in New York rose above $77
a barrel and traded at a premium to Brent oil for the first time
since February after a glut in supplies at Cushing, Oklahoma,
disappeared.
Stockpiles in Cushing, the delivery point for West Texas
Intermediate crude oil, or WTI, traded in New York, plunged 22
percent to 21.2 million barrels in the past nine weeks, according
to the Energy Department. U.S. gasoline and heating-oil supplies
rose as refineries increased operating rates to 91.7 percent of
capacity for the same week, the highest in 10 months.
Read more at Bloomberg Commodities News
a barrel and traded at a premium to Brent oil for the first time
since February after a glut in supplies at Cushing, Oklahoma,
disappeared.
Stockpiles in Cushing, the delivery point for West Texas
Intermediate crude oil, or WTI, traded in New York, plunged 22
percent to 21.2 million barrels in the past nine weeks, according
to the Energy Department. U.S. gasoline and heating-oil supplies
rose as refineries increased operating rates to 91.7 percent of
capacity for the same week, the highest in 10 months.
Read more at Bloomberg Commodities News
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