Commodity Blog |
| Crude Oil Gains Despite Growth of US Stockpiles Posted: 27 Feb 2013 07:30 PM PST Crude oil gained today even though US stockpiles continued to grow. The positive market sentiment led to belief that demand for fuel will rise as global economy continues to grow. US inventories of crude expanded by 1.1 million barrels last week from a week ago, when they rose 4.1 million barrels. Analysts have predicted growth by 2.4 million. Nevertheless, growing reserves did not hurt oil. [...] |
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