(Bloomberg) -- Crude oil rose to a one-year high in
New York on speculation demand will outpace supply as refiners
increase fuel production in preparation for the winter months.
An Energy Department report tomorrow may show that U.S.
crude-oil supplies fell for a fourth week, according to a
Bloomberg News survey of analysts. Demand tends to rise as
refineries begin to make fuels for use in the fall and winter.
Bets on rising prices by hedge funds and other speculators rose
to a record earlier this month, according to government data.
Read more at Bloomberg Energy News
New York on speculation demand will outpace supply as refiners
increase fuel production in preparation for the winter months.
An Energy Department report tomorrow may show that U.S.
crude-oil supplies fell for a fourth week, according to a
Bloomberg News survey of analysts. Demand tends to rise as
refineries begin to make fuels for use in the fall and winter.
Bets on rising prices by hedge funds and other speculators rose
to a record earlier this month, according to government data.
Read more at Bloomberg Energy News
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