Crude prices shoot higher on lower-than-expected U.S. inventories

2008-04-09 08:10:17 Xinhua English

NEW YORK, April 9 (Xinhua) -- Crude futures shot higher Wednesday morning minutes after U.S. government released a lower-than-expected inventories report.

Light, sweet crude oil futures surged 2.70 U.S. dollars to 111.20 dollars a barrel.