Tighter than expected oil and fuel inventories played a role Wednesday in the 2% gain for crude oil prices.
The 1.4 million barrel increase was less than the 2-million barrel rise expected by forecasters.
West Texas Intermediate crude rose $1.43 or 2.2% to $67.68 per barrel on the New York Mercantile Exchange.
Brent crude gained $1.39 or 2% and finished at $70.95 a barrel.
Natural gas down 0.37 at $4.08 – change 8.29%
Oklahoma energy stocks had a strong day in Wednesday’s trading with a 6% gain for SandRidge Energy and a 5% increase for Empire Petroleum.
24.73 USD−0.060 (0.24%)
100.82 USD+0.52 (0.52%)
165.90 USD+0.94 (0.57%)
25.28 USD−0.010 (0.040%)
2.10 USD+0.0100 (0.48%)
4.53 USD−0.15 (3.21%)
72.60 USD−0.93 (1.26%)
0.60 USD−0.032 (5.10%)
28.02 USD+0.020 (0.071%)