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Wednesday, November 22, 2006

Oil Leak!

Oil leak! January Crude Oil fell below $59 this morning, after the EIA announced that Crude Oil stocks rose by 5.1 million barrels last week. This was way above the 400,000 barrel gain most traders were expecting. A sizable build in Gasoline stocks and weather forecasts calling for average to above average temperatures in the eastern half of the US also weighed on Oil prices. Read More.....