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Oil lower after inventory report »

Posted by: STONERS 1 year, 9 months ago

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Oil prices pulled back sharply Wednesday after the government reported data that suggested that the high price of oil and gasoline are depressing demand for petroleum products.

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STONERS
March 19, 2008, 12:43 p.m.
"Overall consumption of oil and its products fell by 3.2 percent over the last four weeks compared to the same period last year, the EIA said. Demand for gasoline fell by 1 percent over the same period."

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