et vendentes et ementes scire

Let buyers and sellers be aware

From the Nov. 3 Wall Street Journal:

US oil now has fallen 12% in just two weeks since hitting a one-year high on Oct. 19. Wednesday’s is the  latest in a series of sharp retreats to hit the market after prices hit $50 per barrel…US trade data showed weekly imports climbed to a four-year high…Crude oil stockpiles rose 14.4-million barrels in the week ended Oct. 28–the largest weekly increase in 34 years (analysts expected only a 1-million barrel increase.

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