Monday, February 25, 2013

Cemaskan Excess Oil Supply

Minyak Cemaskan Kelebihan Supplai

Monexnews-oil catatkan attenuation thin in London as the first session will concern a glut of oil supply in the market. Data last week show an increase in u.s. oil reserves for four consecutive weeks. US Senators also return calling for President Obama to agree to a key pipeline project can ensure self-reliance stone energy USA. Nymex oil is now traded at $ 96.17, try away from high level daily $ 96.44

"The U.s. economy is indeed much better now; but the supply of oil on the market is also quite abundant. This surely will hold the oil rally further, "said Ole Hansen, strategic commodities interviewed Bloomberg. "Oil prices have been going up quite significantly in the last month. Oil is currently experiencing a correction down after passing the psychological difficulty resistant $ 100 last week. " (fr)

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Title Post: Cemaskan Excess Oil Supply
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