more_reports

Oil prices rose to $73 per barrel Thursday morning on the NYMEX, while London's ICE futures exchange hit $74.53 a barrel earlier this morning, as demand in Europe improves. In energy ETFs, the United States Oil Fund (USO) was up 1.89% to $32.37 in pre-market trading. United States Natural Gas ETF (UNG) was down $0.25 to $6.56 in pre-market trading. Wednesday's Department of Energy oil inventory data was better than expected, with crude stockpiles at 4.1 million barrels for the week ending August 20th. Buyers are enticed by the 12% decline in crude during the first half of August. (8/26/10)

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