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Wednesday, January 24, 2007

Crude Could Get Boost from Bush, Energy Reports

Crude Oil – March Crude got a boost in late trading yesterday as Secretary of Energy Sam Bodman said the government planned to more than double the Strategic Petroleum Reserve (SPR) over the next twenty years. This may not be as bullish as it initially appears however, as the time frame is so broad and the government would probably only be buying on big dips. Read More.....