Investors expect US stockpiles to fall, oil prices rise

26-Sep-13
New York's main contract, West Texas Intermediate for delivery in November inched up to US$103.6 a barrel, while Brent North Sea crude for November spiked by over a dollar to US$109.8. Investors anticipate a fall in numbers in the to be released US stockpiles report, indicating firm demand in USA -world number 1 oil consumer.
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