Oil Market Summary for: 04/26/2010 to 04/30/2010
Stubbornly high crude oil inventories continued to stymie bulls through the middle of the week, but the market seized on positive economic data to push prices higher toward the end of the week.
The oil spill from a collapsed rig off the Gulf coast may also have played a role in firming prices. Analysts said that the spill could have a short-term impact on supply if it interfered with oil deliveries to Gulf coast refineries, and a longer-term impact if it led to new restrictions on offshore drilling.
Full article at: Crude oil prices
seriously? its 1,000 bbls a day, the equivalent of 1 crude futures contract...
exxon valdez was 11,000,000 barrells, so this leak only needs to go on for 11,000 days, or like 30 years to equal that...
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