Wednesday, January 27, 2010

Crude oversupply becomes product oversupply - Reuters

"We are moving from a situation of crude oil oversupply to one of product oversupply. Fuel demand is just not strong enough to work off these product stocks, even though refineries are running at relatively low rates," said Brad Samples, an analyst at Summit Energy in Louisville, Kentucky.

http://www.forexyard.com/en/news/Oil-falls-towards-74-after-inventory-data-2010-01-27T183455Z-UPDATE-7-US

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