Oil prices spike

Crude oil prices spiked yesterday on the EIA data and comments by Fed chairman Bernanke.

Oil prices spike
Thu, 03 Apr, 2008 - 09:25

Crude oil prices spiked yesterday on the EIA data and comments by Fed chairman Bernanke.

The stats out in the US revealed a crude build of 7.4mio barrels, significantly above the forecast levels which would have been bullish for oil were it not for the gasoline stock number which came in at over double the forecast of a 2mio decline.

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