Crude inventories fell by 2.1 million barrels, compared with expectations for a decrease of 2.7 million barrels. Other than those two brief instances, it's been more than three and a half years since prices were that high. The United States relies on those tankers for its oil imports.

Animal rights group PETA condemns Texas grandmother who killed an alligator
Social media footage shows Judy Cochran , 73, calmly killing the 12ft, 580lbs creature with a single head shot. A 73-year-old great grandmother shot and killed a 12ft alligator she suspects of eating her miniature horse.

While buyers have already reduced their purchases of Iranian oil due to the USA sanctions, it is not clear yet how other oil producing countries will be able to compensate for the loss of supply.

Iran, for example, has indicated it is happy with oil at $80 per barrel, so would presumably oppose a production increase. However, it said it expects US crude production to outpace that of Russian Federation and Saudi Arabia through next year. The price of oil is up 7 percent in the last month and almost 18 percent for 2018.

Rising U.S. gasoline prices could create a political headache for Trump before November congressional elections by offsetting Republican claims that his tax cuts and rollbacks of federal regulations have helped boost the U.S. economy. USA light crude was down 9 cents at $71.03 a barrel after rising almost 2 percent on Wednesday.

Meanwhile, American Petroleum Institute data showed that crude stockpiles increased last week, while those in the storage hub at Cushing in Oklahoma fell. Saudi Arabia bolstered supplies again to 10.4 million a day, according to the report.

Iowa State star from Spain found slain on golf course; man arrested
2 dead after van swept away in S. Carolina amid Florence flooding
Red Cross volunteers helping out with Florence disaster relief

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