Oil up as US crude stocks fall

By AFP

Brent North Sea crude for October meanwhile rose US22c to $US102. 72 a barrel in London deals. The main news was a 2. 1 million barrel fall in US commercial crude oil stockpiles, larger than expected.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

The Energy Department's weekly report showed a 0. 4 per cent increase in total petroleum inventories, including distillates and gasoline, in relation to average daily demand.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

Read more here: Business Spectator

    

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