Crude Oil & Gasoline Fall –

The EIA released inventory numbers today that sent prices falling for Gasoline and Crude.  Crude Oil fell below $80 with reports of a build in supplies of 2.8 million barrels.   Analysts had only expected a rise of 1.54 million barrels and the continued rise help to dampen prices.  The situation with European debt also caused concern with traders that global demand would fall.  Gasoline supplies increased 1.2 million barrels instead of the 200,000 that was expected by analysts.

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James Sutliff

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