Melbourne, Australia
Mar 27, 2008
Oil Above $106 After Overnight Jump
“What the U.S. is doing is to try to match their crude oil stocks to the low refinery capacity by pulling back on their imports”
Oil prices rose above $106 a barrel Thursday after soaring more than $4 in the previous session as lower U.S. fuel inventories and the further depreciation of the dollar spurred buying.U.S. stockpiles of ... via WBMA
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