Friday, January 21, 2011

Demand speculated to recover, counters concerns over rising stockpiles in USA

Crude for March delivery inched up to US$89.8 on the Nymex after dipping by 2.4% on the previous day, on news of rise in US stockpiles. Crude inventories in USA increased 2.62 mln barrels to 335.7 mlnn barrels in the week ended Jan.

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