Oil Takes Stock Of Crude Realities
Posted on June 03, 2009 at 22:20 PM EDT
After back-to-back inventory drawdowns over the last three weeks that had slowly started to eat into oil’s multi-year inventory overhang, we got an unexpected inventory build today (Wednesday). Oil’s impressive recent gains - the commodity has roughly doubled from its Feb ‘09 lows - have been driven almost entirely by an ...
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