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Wednesday, July 20, 2011

US Crude Supplies Continue To Fall -- Average Price of WTI This Year --> $100 -- Analyst

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An Energy Department report may show U.S. crude supplies fell 1.5 million barrels for a seventh week in the seven days ended July 15, according to the median of 10 analyst estimates in a Bloomberg News survey. Gasoline inventories probably slid 100,000 barrels from 211.7 million, the survey shows. 
Same report: analyst predicts average price of WTI oil this year -- $100/bbl. 

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