12.04.2012 - Oil falls below $120, inventories weigh

Oil fell below $120 a barrel on Wednesday to the lowest in almost two months, pressured by rising U.S. inventories and concern about the strength of global demand. The U.S. Energy Information Administration (EIA) on Tuesday cut its 2012 world oil demand growth forecast and later on Wednesday releases its weekly U.S. supply report, which analysts expect will show a further increase in crude stocks...............................................Full Article: Source

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