| 30.07.2009 - Oil Prices: Why the bears are feasting |
| From WSJ: Officially, fundamentals may not matter so much for oil prices. But there is a flurry of economic data—and comments from Big Oil chiefs—that explains why crude prices could take a beating in the short term. U.S. government data on Wednesday showed another increase in U.S. crude and gasoline stocks, a sign of weak demand. Crude inventories swelled 5.1 million barrels, while analysts expected stocks to drop by 1 million barrels.........Full Article (Subscription Required) : Source |