From Newsmax:
Oil prices surged to a 26-month high on Wednesday near $91 a barrel as a third straight weekly drop in U.S. crude inventories and cold weather on both sides of the Atlantic spurred pre-holiday buying.
Crude stockpiles fell 5.3 million barrels last week, bringing the past three weeks' declines to 19 million barrels, roughly equivalent to one day of U.S. fuel consumption. Companies have drawn down inventories for year-end accounting purposes, analysts said.
U.S. data showed the economy picked up in the third quarter, signaling a more solid pace of recovery and improving oil demand prospects.
A Reuters poll released on Wednesday showed a surge in...
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