16.10.2013 - Why oil prices fell to lowest point since July on inventory surge
Every week, the US Department of Energy (the DOE) reports figures on crude inventories, or the amount of crude oil stored in facilities across the US. Market participants pay attention to these figures, as they can indicate supply and demand trends. If the increase in crude inventories is more than expected, it implies either greater supply or weaker demand and is bearish for crude oil prices. If the increase in crude inventories is less than expected, it implies either weaker supply or greater demand and is bullish for crude oil prices...............................................Full Article: Source
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