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November 15, 2006

Oil Prices Climbing - How Surprised Are You?

-- by Dave Johnson

Crude futures top $59 as U.S. oil-product supplies drop,

Crude-oil futures climbed above $59 a barrel Wednesday, ready to break a three-session losing streak after a U.S. government report showed that distillate supplies have dropped nearly 17 million barrels in six weeks and gasoline inventories are down more than 15 million in five weeks.

Posted by Dave Johnson at November 15, 2006 8:36 AM

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Surprised? Isn't this exactly what was expected after the election was over?

Posted by: MJ [TypeKey Profile Page] at November 16, 2006 5:26 AM

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