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23 Dec

Oil rises to near $75 amid US crude supplies fall (AP)

Posted in business on 23.12.09

This undated photo provided by the Alaska Department of Conservation shows a failed 6-inch lateral pipeline. A new spill has occurred in Alaska's Prudhoe Bay oil field, the Department of Environmental Conservation said Tuesday, Dec. 22, 2009. The spill was discovered Monday, Dec. 21, 2009, by a BP oil field operator doing a routine inspection at a drill site. It was coming from the 6-inch pipeline carrying a mixture of oil, water and natural gas, officials said. (AP Photo/Alaska Department of Conservation)AP – Oil prices rose to near $75 a barrel Wednesday in Asia after a report showed U.S. crude inventories fell last week and a jump in housing sales suggested the world’s biggest economy is picking up speed.



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