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Tuesday, March 21, 2006

Bulls And Bears Battle For Control in Crude Oil

Bulls and bears battle for control of Crude Oil: May Crude Oil posted its largest 1-day decline in months, as traders shifted focus from civil unrest in Nigeria to surging domestic Crude inventories. Attacks by Nigerian rebels on an oil pipeline owned by the Italian firm Eni SpA has taken an estimated 65,000 barrels out of Nigerian Oil production. Read More....