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Oil Declines After U.S. Stockpiles Surge the Most Since 2 - Bloomberg
Brent oil for May settlement fell $2.52, or 2 percent, to end the session at $122.34 a barrel on the London-based ICE Futures Europe exchange.

It might be a sign, but for the moment it's not a big ship...

And what's this about stocks?

Oil Declines After U.S. Stockpiles Surge the Most Since 2 - Bloomberg

The surge in U.S. oil production reflects a change in the way the department estimates output, said Barbara Mariner-Volpe, who is in charge of the oil and gas supply statistics. The weekly estimates rely on monthly production tallies that the department calculates using state reports and Interior Department data, she said.

In the past, the Energy Department revised its monthly figures once a year based on updated state and federal numbers, she said. In April, the department began incorporating that information on a monthly basis.

Stockpiles surge...

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Apr 5th, 2012 at 02:25:31 AM EST
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