Oil Rises on Signs of Supply Drop

Crude oil rose pulled higher by gasoline, on speculation that U.S. inventories of the motor fuel declined for a fourth week. Anther likely excuses…The crude-oil market often follows gasoline during the summer.

Crude oil for October delivery rose 88 cents, to $71.97 a barrel on the New York Mercantile Exchange. Futures touched $72.05, the highest intraday price since Aug. 17. Prices are down 0.7 percent from a year ago.

The Organization of Petroleum Exporting Countries, which produces about 40 percent of the world's oil, is set to meet Sept. 11 in Vienna to discuss production plans for the fourth quarterBrent crude oil for October settlement rose 36 cents, to $70.98 a barrel on the London-based ICE Futures exchange.

So as can be seen everything or anything can be used to increase final consumer prices…