Crude vaults to highest level since August
Crude oil futures bolted over 2% higher on Tuesday following several weeks of falling inventory levels in the US.
Tightening US supplies, caused by months of disruption to Middle East and Libyan exports, sent US oil futures 2.8% higher after Monday's 4% surge.
Crude oil for December delivery on the New York Mercantile Exchange rose $1.90 to settle at $93.17 a barrel on the New York Mercantile Exchange, the highest level since 2 August.
On the ICE futures exchanged Brent crude for December delivery fell 53 cents to $110.92 a barrel.
Last week the Energy Information Administration said US crude oil inventories have fallen nearly 9% below last year's level and is down a quarter from levels in May.
The EIA is due to publish fresh weekly data on Wednesday and analysts expect crude stocks to rise by 400,000 barrels but levels still remain below five-year averages.
Παρ Οκτ 12, 2012 2:26 pm από 
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