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To: Ernest_at_the_Beach
This week's sell-off was triggered on Wednesday by a U.S. government report that showed distillate stocks, including heating oil and diesel, rose by 2.3 million barrels, helping to narrow the supply deficit compared with last year.

Then how come heating oil is selling at 30% more than last year.

43 posted on 12/03/2004 10:50:59 AM PST by 1Old Pro
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To: 1Old Pro
This week's sell-off was triggered

This week's sell-off was due to those who had run up the speculative price decided to cash out before the end of the year. There were no genuine external causes, anymore than Russian production was a reason for the increase.

60 posted on 12/03/2004 1:57:04 PM PST by sevry
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