CNN bericht:
'Oil crosses record $110, despite supply rise
Crude prices hit $110.20 on weak dollar before settling at $109.92, even as crude and gasoline inventories are much higher than forecast.
NEW YORK (CNNMoney.com) -- Oil prices rebounded to another record high Wednesday afternoon after initially plummeting when a government report said supplies of crude and gasoline had risen much more than expected.
In afternoon trading, U.S. light crude for April delivery surged to a high of $110.20 before closing at $109.92. Oil had traded as low as at $107.09 following the report's release on Wednesday morning.
In its weekly inventory report, the U.S. Energy Information Administration, a government agency that measures oil and gas supplies, said crude stocks rose by 6.2 million barrels last week. Analysts were looking for a rise of 1.6 million barrels, according to a Dow Jones poll.
Gasoline supplies rose by 1.7 million barrels, significantly more than the 300,000 barrel rise that analysts had forecast. The government said gasoline stockpiles are well above average for this time of year.
"The big number is the build in gasoline," said Stephen Schork, publisher of the industry newsletter the Schork Report. "We usually see a 2 million barrel draw at this time, not a surplus."
Since September, gasoline stockpiles have increased from a 16 million barrel deficit to a 22 million barrel surplus, which Schork believes is due primarily to the continuing low demand for gasoline.
Rising prices in spite of supply and demand. Typically, an increase in supply and low demand would result in much lower crude prices. But crude and gas prices continue to rise.'
Crude prices hit $110.20 on weak dollar before settling at $109.92, even as crude and gasoline inventories are much higher than forecast.
NEW YORK (CNNMoney.com) -- Oil prices rebounded to another record high Wednesday afternoon after initially plummeting when a government report said supplies of crude and gasoline had risen much more than expected.
In afternoon trading, U.S. light crude for April delivery surged to a high of $110.20 before closing at $109.92. Oil had traded as low as at $107.09 following the report's release on Wednesday morning.
In its weekly inventory report, the U.S. Energy Information Administration, a government agency that measures oil and gas supplies, said crude stocks rose by 6.2 million barrels last week. Analysts were looking for a rise of 1.6 million barrels, according to a Dow Jones poll.
Gasoline supplies rose by 1.7 million barrels, significantly more than the 300,000 barrel rise that analysts had forecast. The government said gasoline stockpiles are well above average for this time of year.
"The big number is the build in gasoline," said Stephen Schork, publisher of the industry newsletter the Schork Report. "We usually see a 2 million barrel draw at this time, not a surplus."
Since September, gasoline stockpiles have increased from a 16 million barrel deficit to a 22 million barrel surplus, which Schork believes is due primarily to the continuing low demand for gasoline.
Rising prices in spite of supply and demand. Typically, an increase in supply and low demand would result in much lower crude prices. But crude and gas prices continue to rise.'
3 opmerkingen:
Een jaar geleden schreef ik:
Cheney's aandelen met 3281% gestegen
De aandelen van vice-president Dick Cheney in het oliebedrijf Halliburton, zijn voormalige werkgever, blijken in een jaar met meer dan 3000% gestegen. De grootste opdrachtgever voor Halliburton is de Amerikaanse regering. (bron)
Hoe ken dat nou?
Tja, dat is zo toevallig, dat kan alleen maar toevallig zijn.
Er is natuurlijk ook geen enkel verband tussen de vrije val van de US dollar en de prijsstijging van aardolie, die in de meeste landen nog standaard in US dollars wordt betaald....
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