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Oil prices lower following weekly inventory report

Posted Jul 22nd 2009 5:40PM by Michael Fowlkes (RSS feed)
Filed under: Consumer Experience, Middle East, Money and Finance Today, Economic Data, Oil, Recession, Financial Crisis

weekly oil inventory reportOil prices headed lower today following a bearish inventory report from the Energy Information Administration.

Over the past week oil prices have been moving higher, spurred by strong corporate earnings. Better than expected earnings by several big name companies has led investors to anticipate the economy has been improving.

Continue reading Oil prices lower following weekly inventory report

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