Oil futures rose Thursday, extending a price increase that came after figures showed large and unexpected declines in U.S. crude and gasoline inventories last week.
Light, sweet crude for December delivery rose US$1.08 to US$88.18 a barrel in electronic trading on the New York Mercantile Exchange by late afternoon in Singapore. The contract jumped $1.83 to $87.10 a barrel in the Nymex floor session after the fuel report.
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Oil Prices Soared Futher
Oil futures rose Thursday in Asia, extending a price increase...