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Oil rose more than $4 to almost $103 a barrel Tuesday, a seven-month high, on signs of stronger manufacturing activity in the United States, China and India, Bloomberg reported.

Oil rose to more than $101 a barrel Tuesday mornning after taking its biggest gain in two months last week, Bloomberg reported.

Oil rose for a third day Wednesday as a Department of Energy report showed crude inventories plunged last week, Bloomberg reported.

Oil rose but remained under $95 in early trading Monday on the New York Mercantile Exchange, Bloomberg reported.

Oil fell more than $5 on Wednesday — down from a $100-plus per-barrel closing price on Tuesday — after OPEC said it would lift its production ceiling and a government report showed gasoline and diesel inventories rose last week.

Oil held over $100 a barrel for a sixth trading day Wednesday as inventories rose last week, Bloomberg reported.

Oil closed over $100 a barrel Wednesday for just the second time since June on an improved economic picture and soaring stock markets, Bloomberg reported.