Crude Oil Falls After Report Shows Unexpected Increase in U.S. ...

Full story: Bloomberg

Crude oil futures fell more than $4 a barrel in New York after a surprise increase in U.S. inventories and as a slowing U.S. economy sapped demand for energy.
Comments
1 - 2 of 2 Comments Last updated Jul 16, 2008
fly_on_the_windo w

United States

#1 Jul 16, 2008
"A surprise increase in inventory" and "slowing US demand"? I think not. It's more like Sen. Reid is going to reintroduce legislation aimed at curbing market speculation, that has investors pulling back. I know all Senate Republicans will attempt to block it, but the Commodity Futures Modernization Act of 2000 also needs to be fixed.
NM_rep

United States

#2 Jul 16, 2008
Oh yeah, Senator Harry Reid, he's going to be our savior. What a nut job.

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