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Oil down on mixed inventory report »

Posted by: STONERS 1 year, 10 months ago

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Oil prices are down following the government's report that the nation's crude oil supplies rose more than expected last week while heating oil inventories fell more than forecast.

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Comments: 3

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STONERS
Feb. 21, 2008, 11:56 a.m.
"The Energy Department's Energy Information Administration says crude oil inventories rose by 4.2 million barrels last week. That was more than the 2.9 million barrel increase analysts expected."
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nikkibabe
Feb. 22, 2008, 9:09 a.m.
This is all Bush BS. The price of oil changes based on what the EXXON MOBIL bottom line expectations for a week.
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Cityslicker
Feb. 22, 2008, 10:41 a.m.
$1.85 N.A. before Katrina , 3 years later $3.15 in three years the N.I.R. rose that much ?
If Oil Companies and Commodity Traders were just making a slight profit , I would believe it was due to Inflationary Economics but the Oil Companies are enjoying record breaking profits and Traders are cashing in on more and more profits , something is wrong .
$2.00 to $2.25 a gallon would be on par for Inflationary projection of 3 years not $3.15 .
I now know what the term "They're sucking the life blood right out of the Country" means .
It's got to stop or the United States will finally recede to a Bankrupt Nation .