Green energy was our future, green turned red, and suddenly our oil supplies increase and prices decrease, right at the $4 mark. AP: “Oil is dropping below $102 a barrel after a government report showed a larger-than-expected increase in U.S. crude supplies. … The Energy Department’s Energy Information Administration said crude supplies grew by 9 million barrels, or 2.5 percent, to 362.4 million barrels, which is 1.3 percent above year-ago levels.” How does this affect commodity traders?
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Posted on April 4, 2012
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