What’s next for oil
November 18th, 2004 by 
InLibrisLibertas
“But U.S. supply of distillate fuel, which includes heating oil and diesel fuel, fell by 1 million barrels to 114.6 million barrels, or 14 percent below year ago levels. Heating oil supplies are also tight in Europe and Japan, which are major consumers during the cold winter months.
“What we may be seeing now is a fool’s pullback,†said Bill O’Grady, an energy futures analysts at A.G. Edwards. “It’s November 17th. You’ve got 2 to 3 months of winter in front of you. If you get a cold winter would new highs shock me? Not in the least.—
Posted in Energy | 