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Oil Market Drama Contiues

/ Uncategorized / By Lynne Kiesling

Gas prices spike in the Bay Area, home heating oil prices are high due to oil prices and cold weather, and the IEA continues to be worried about short-term oil supplies.

This FT article on the low US crude supplies reiterates much of what I posted yesterday, but it also refers to the fact that the figures reflect a low implied demand.

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