Monday, April 26, 2010

Why is oil up today after oil inventories were up?

If we have more oil than we are using, why does the oil price continue to drive upward? This does not make sense, does it?Why is oil up today after oil inventories were up?
speculation only,everyone is dumping stocks to make enough money to pay off their taxes now,wall street traders can't borrow money in a falling market to cover the margin calls,flood victims are dumping everything in order to live and re-buildWhy is oil up today after oil inventories were up?
Maybe because crude oil inventories fell, by 1.2 million barrels, but not the 2 million expected.
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