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Reply #15: Ah, BS......the supply is being met. [View All]

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Home » Discuss » General Discussion: Presidency Donate to DU
Historic NY Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-29-11 08:04 AM
Response to Reply #11
15. Ah, BS......the supply is being met.
Crude oil prices rose on Wednesday above $112 a barrel despite that a report from the Department of Energy showed crude oil inventories increased above expectations,


The EIA report showed on Wednesday that crude oil inventories increased in the week ending April 15, by 6.2 million barrels, compared with median estimates of a 1.7 million barrels increase; nevertheless, the drop in oil prices was limited after gasoline inventories declined more than estimates.

http://www.benzinga.com/11/04/1038693/crude-oil-daily-fundamental-analysis-for-april-28-2011

lots of stats here.
http://ir.eia.gov/wpsr/overview.pdf

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