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Prices Fall on Anemic Growth and Inventory Gains

Posted, by Crude Oil Trader on May 2nd, 2012

Chip Hodge of Manulife Asset Management said it best “Prices should be lower because there’s no shortage of oil and we’re looking at rather anemic economic growth, we’re getting robust builds in supply.” That combined with worsen job numbers put commodity bulls at a disadvantage in Wednesdays session.

Crude oil closed lower due to profit taking on Wednesday as it.......

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Authored by, Crude Oil Trader
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