Crude Oil Rallies Above $86 As Volume Sees Record
By Kristina Zurla Landgraf • Apr 14th, 2010 • Category: Broker Commentary, MF Global in the News, Market UpdatesCrude oil futures rallied above $86 a barrel after a five-day slump, accompanied by heavy volume. An unexpected draw in inventories helped fuel gains. The U.S. Energy Information Administration (EIA) reported crude-oil stockpiles fell by 2.2 million barrels in the week ended April 9, the first draw since January. Motor gasoline inventories fell by 1.1 [...]
