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Monthly Archives: January 2008
Oil Continues Slippery Slide –
Oil continues to slide as economic concerns drag down price. Inventory reports on Thursday are expected to show an increase in suppy. It is normal for this time of year to have stockpiles grow. It is also suspected that refinery … Continue reading
Posted in Oil
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OPEC Production Targets –
The increase in refining to over 90% has led to a fall in U.S. crude oil inventory. This may lead to an increase in OPEC production targets at their February meeting. That type of speculation coupled with very warm weather … Continue reading
Posted in Oil, OPEC
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Springtime in NY?
Temperatures in New York are expected to be in the mid to high 60s this week. Oil demand will take a long awaited hit. To view a recent article click here: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_q29vlFVK4Q James Sutliff
Posted in Oil
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The Rise And Coming Fall Of Oil –
Oil rose briefly today following an inventory report which indicated lowering supplies of crude oil. However, Cushing Oklahoma held its levels and there was an unexpected rise in heating oil. Heating oil supplies should continue to rise in the coming … Continue reading
Posted in Oil
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