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Tuesday, February 28, 2006

Crude Oil Made Modest Gains Today, Despite Growing Inventories...

Crude Oil made modest gains today, despite growing inventories, mild weather, and strengthened security measures among producers. Anticipation of another increase to be conveyed by tomorrow's petroleum stocks report, to be released 9:30 am CST, also did not hinder buyers. Analysts project an increase of 1.3 million barrels. Indonesia's OPEC governor, Maizar Rahman, announced today that the group should not reduce quotas when it meets this month on March 8th in Vienna. Read More....