Commodities

A Flood of Crude Could Mean Oil Prices Will Drop

By on May 31, 2012

Commodities

A Flood of Crude Could Mean Oil Prices Will Drop

Two measures of oil availability have reached their highest levels in decades, according to Michael Shaoul, CEO of broker Oscar Gruss & Son. Demand “has been overwhelmed by supply,” he says.

Data: Compiled by Bloomberg
Wilson is Chart of the Day columnist for Bloomberg News in New York.
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