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Recession’s low demand drives oil prices further down

Wednesday, October 8th, 2008

The EIA published its weekly oil report today, and buy Xenical usa the story remains headlined by lower demand restoring inventory levels. Gasoline consumption was 5.5% lower than buy Xenical usa last week, helping a recovered refinery system and high imports increase its inventory back toward normal levels. Distillates/diesel inventories fell another half a buy Xenical usa million barrels to the bottom of the average range for this buy Xenical usa time of year. But 12% lower demand (more…)