Oil prices surge on falling inventoriesWeaker dollar also supports prices; EIA says crude stocks down 200,000 barrels — analysts had expected 3.5 million barrel growth Mark Williams Associated Press Writers
Oil prices jumped Feb. 19 as new government data showed oil inventories fell unexpectedly.
Light, sweet crude for April delivery rose $1.83 to $39.24 on the New York Mercantile Exchange. The vast majority of trades have shifted to April, with the March contract expiring Feb. 20.
Benchmark crude for....
[additional news subjects in this story]
Crude supplies ample Traders focused on oil Natural gas storage high Recession intensity could ease
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