Wednesday, April 15, 2009

Crude Oil falls As Supplies Rise, OPEC Cuts Forcast


"Crude Oil Falls As U.S. Supplies Rise To The Highest Since 1990"
Crude oil fell after a government report showed that U.S. stockpiles climbed to the highest level in almost 19 years as demand dropped. Inventories rose 5.67 million barrels to 366.7 million last week, the highest since September 1990, the Energy Department said today....Complete Story

"Energy Stocks Experience Difficult First Quarter"
The S&P 500 Index experienced an 11.7% loss for the first quarter of 2009 while the index's Energy sector generated a slightly worse quarterly performance with a 12.1% loss. Of the S&P 500's ten industry sectors, only Technology produced a positive investor return....Complete Story

"OPEC Cuts 2009 Oil Demand Forecast As World Economy Contracts"
The Organization of Petroleum Exporting Countries cut its forecast for oil demand this year for an eighth successive month as the economic slowdown in the world’s biggest oil consumers worsens. The estimate for 2009 global demand was lowered by 430,000 barrels a day....Complete Story

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