Crude Oil Rises After Report Shows Third Straight Weekly Inventory Drop

(Bloomberg) -- Crude oil rose for the first time in
four days in New York after the U.S. government reported a third
straight weekly decline in oil inventories.

Supplies fell 1.1 million barrels to 351 million barrels
last week, the Energy Department report showed. Inventories in
Cushing, Oklahoma, the main supply hub in the U.S., fell 1.38
million barrels to 212.4 million barrels, the lowest since
February 2006.


Read more at Bloomberg Commodities News