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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (55582)	11/4/2004 8:06:20 PM
From: RealMuLan	Respond to of 74559

"Rising crude and natural gas stockpiles in the United States and signs that high energy costs are hurting economic growth are gradually eroding a price rally that had lifted prices more than 50 percent this year. "Oil inventories should rise over the next six to nine months, and this should eventually ease the extreme tightness in today's oil markets," Adam Sieminski of Deutsche Bank said in a report. "The main forces that we believe will cause prices to fall include weakening global oil demand, rising non-OPEC supply, and growth in both OPEC production and capacity to produce." reuters.com