03.12.2009 - Oil trades below $77 after falling as U.S. supplies increase
From Bloomberg: Crude oil traded below $77 a barrel in New York after a government report showed a gain in U.S. stockpiles as consumption declined in the world’s biggest energy consumer. Oil fell 2.3 percent yesterday as supplies of gasoline climbed 4 million barrels to 214.1 million, the Energy Department said. Prices also declined as the dollar rose against the euro, limiting investors’ need for physical assets such as commodities to hedge against inflation................................Full Article: Source
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