Oil prices rise amid US supply concerns

Oil prices rose above US$97 a barrel today after the US government reported larger-than-expected declines in crude and heating oil stockpiles.

Thu, 27 Dec, 2007 - 17:23
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Oil prices rose above US$97 a barrel today after the US government reported larger-than-expected declines in crude and heating oil stockpiles.

Inventories fell by 3.3 million barrels last week, more than double the 1.3 million barrel decline forecast by analysts.

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