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Oil prices move higher following bullish inventory report, Iranian missile test

Posted Dec 16th 2009 4:45PM by Michael Fowlkes (RSS feed)
Filed under: Major Movement, International Markets, Middle East, Oil, Eastern Europe

oil inventory reportOil prices have been on the rise today, following a government report that showed inventories fell more than expected last week.

Going into today's inventory report, analysts had been expecting to hear that oil inventories shrank by around 2 million barrels last week, but according the the Department of Energy the actual draw was much steeper at 3.7 million barrels.

Continue reading Oil prices move higher following bullish inventory report, Iranian missile test

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