Energy Prices Rallied as Crude Inventory Fell the Most in Almost 2 Decades

The sharp drop in US oil inventory lifted energy prices, sending both crude oil benchmarks to highest levels in 2 weeks. The front-month WTI contract rose for a 4th consecutive day, rallying +4.66% to 47.62, at close. The Brent contract breached above the 50 level before ending the day at 49.99, up +4.19%. Refinery products also soared with heating oil and RBOB gasoline contracts gaining +3.91% and +5.21% respectively.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/energy-prices-rallied-as-crude-inventory-fell-the-most-in-almost-2-decades-2016090933541/