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Wednesday, March 07, 2007

Fuel for thought.....

The Crude Oil market has been relatively tame in light of the wild ride stock and currency traders have experienced the past several days. Lead-month April Crude is still favoring the bull camp with prices failing to hold below psychological support at $60. Yesterday's release of EIA world supply/demand estimates was deemed moderately favorable, despite lowering world demand by 100,000 barrels per day (bpd) in 2007. Read More.....