April 13 (Bloomberg) -- Crude oil declined for a fifth day as the International Energy Agency boosted its forecast for non- OPEC supplies and U.S. inventories were estimated to climb, raising concern that the markets are oversupplied.
“We’re seeing a lot of growth out of the U.S., Russia and Canada, responding to high prices,” said Brad Samples, a commodity analyst for Summit Energy Inc. in Louisville, Kentucky. “Investments that were made leading up to 2008 are coming to fruition.”
http://www.businessweek.com/news/2010-04-13/crude-oil-falls-for-fifth-day-on-concern-market-is-oversupplied.html
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