Crude oil prices has again reached a record high in the US, after official reports on the decline in heating oil stocks.
In late morning trading on Wall Street, a barrel of benchmark US light crude jumped up 96 cents to $54.60.
The decline in US heating oil stocks by 1.2 million barrels to 50 million prompted concern as consumption is expected to rise in the winter.
Oil prices are up 60% this year fuelled by strong demand and supply concerns
