Fri, 30 Nov 2012 08:46:21 GMT
Crude oil surged on brighter demand outlook and falling stocks
Energy futures apart from natural gas moved higher on Thursday, following positive cues from the US economy. An upward revision of Q3 GDP growth as well as hopes for resolution of a standoff in US budget talks improved energy demand outlook. Moreover, weaker greenback coupled with an unexpected decline in the US crude oil stocks last week added to gains