GREY:ROAOF - Post by User
Comment by
Hqzuj12on Aug 13, 2008 4:56pm
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Post# 15381951
RE: Oil Inventory (small correction)
RE: Oil Inventory (small correction)Market Morning : August 13, 2008 : Oil Inventory Data [08-13-08 10:30AM]
- August 13, 2008
- August 2008
- Market Morning
Oil prices have declined by 23%, OPEC is considering a capacity cut and U.S. supply is expected to increase again this week. BNN speaks to Brad Samples, energy analyst, Summit Energy.
Crude oil inventory was an estimate for an increase of 300,000 barrels, and what they are seeing is and actual decrease of 316,000 barrels.
Should cause a bounce.