Oil Rises To 5-Month High – Rigzone
(Bloomberg) – Oil climbed nearly five months after an industry report signaled a third consecutive weekly decline in U.S. crude inventories.
Futures contracts in New York rose above $ 42 a barrel after losing 0.8% on Tuesday. The American Petroleum Institute reported that inventories fell 4.01 million barrels last week, according to people familiar with the data. Official figures from the…