Oil prices surge higher after the government reported a surprise …
NEW YORK _ Oil prices are surging after the U. Most analysts had expected oil supplies to rise. Light, sweet crude for April delivery is up US$2. The Energy Department says crude oil supplies fell by 3. Before the Energy Department issued its report, oil prices were already up about $2 on OPEC´s decision to hold production steady. Many investors had hoped the oil cartel would raise output to bring prices down. read more
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