Oil prices recover after 7 days

14-Sep-06
After 7 days of declines, oil prices rose on Wednesday, on reports by the U.S. government of a decrease in the nation's crude inventories. U.S. crude inventories fell by 2.6 million barrels to 327.7 million barrels last week.Crude futures, however, remained under US$64 a barrel, due to a large rise in heating oil inventories and the assessment that threats to supplies have eased. Light sweet crude for October delivery on the New York Mercantile Exchange rose to US$63.97 a barrel. .
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