Thursday, April 5, 2007

Oil Prices Holding Above Support

The British prisoner deal is over. Oil prices are now above resistance.

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Posted by Hale Stewart at 4/05/2007 04:38:00 PM
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1 comment:

GW Chimpzilla said...

Inventories down. And the EIA monthly production report came out today, showing a continuing decline in global production -- including Saudi Arabia. Mexico had a slight uptick, but is still on a downward production spiral.

The summer season will show once and for all if Saudi Arabia's 'voluntary' production cutbacks are really voluntary or if they are involuntary and permanent.

April 5, 2007 at 5:30 PM

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