May 25, 7:54 PM EDT
Media & Culture
Oil leaps above $45 after U.S. crude stocks drop
By IBT Staff Reporter on 03/04/09 AT 11:24 AM
U.S. crude oil futures extended their gains to above $45 on Wednesday after stocks of crude in the United States declined unexpectedly and demand for gasoline rose.
Oil over $44 after Russian fire, awaits U.S. data
By IBT Staff Reporter on 03/04/09 AT 11:16 AM
U.S. crude oil futures jumped more than $2 to above $43 per barrel on Wednesday, after an oil leak and fire on a Russian pipeline disrupted exports.