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Energy Futures Up on Inventory Report

NEW YORK -- Energy futures jumped after the government reported larger-than-expected declines in gasoline and oil inventories and an unexpected decline in refinery activity, according to the Associated Press.

Light, sweet crude for October delivery rose $1 to $72.73 a barrel on the New York Mercantile Exchange, while September gasoline rose 4.01 cents to $2.0555 a gallon on the Nymex.

In London, October Brent crude rose $1.05 to $71.60 a barrel on the ICE futures exchange.

Posted by Peter C. T. Elsworth  at 11:24 AM to Oil | Permalink

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