Oil prices surge as US burns through crude supply at record rate: CNBC
Oil prices jumped on the weekly Energy Information Administration report, adding to gains made late Wednesday on similar data from the American Petroleum Institute. West Texas Intermediate futures for October settled at $47.62 per barrel, a gain of more than 4.6 percent.
Natural gas futures also rose nearly 5 percent Thursday on the government report of a smaller-than-expected injection of gas into storage.
POO Breakout, page-394
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