Here’s what Bloomberg says on all this so far:
http://www.bloomberg.com/apps/news?pid=20601087&sid=anmz7kwV7mpQ&refer=home
Oil Rises Above $132 on U.S. Supply Drop, Bank Price Forecasts
By Mark Shenk
May 21 (Bloomberg) — Crude oil rose to a record above $132 a barrel as U.S. stockpiles unexpectedly dropped and banks raised price forecasts because of supply constraints and demand growth.
Supplies fell 5.32 million barrels [...]
Filed under: Economics, Oil | Leave a Comment »


