Oil Rises for 4th Day as US Supplies Drop - 2011/12/22 20:22Hi guys! Oil gained for a 4th day in New York after American crude inventories declined the most in a decade, adding to signs that the world's biggest consumer of crude may avoid a recession.
Futures rose as much as 0.7% after gaining 1.5% yesterday as Energy Department data showed stockpiles fell 10.6 million barrels, the largest decrease since February 2001. New York oil will average a record $100 a barrel next year as the US averts recession, while London-traded Brent will decline from the 2011 mean.
If I don't see you on the trader screen, have a Happy Christmas!
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