Oil rallies 4% as stockpiles decline - Friday Fuel Watch
A second week of declines in crude oil stocks has prompted a rally in the oil price, with WTI crude trading near USD80 per barrel and North Sea Brent crude pushing past the psychological barrier. Crude prices are trading near a two-month high, with a weak US dollar making commodity investments more attractive. Prices have been trading in the low USD70-75 per barrel range for most of Sep-2010.
