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OIL - USA - Crude logs loss on storm recovery
Supply data mixed; IEA cuts '05 demand growth estimate
SAN FRANCISCO,CA,USA -MarketWatch, by Myra P. Saefong -July 13, 2005: -- Crude futures closed with a 1% loss Wednesday, suffering the bulk of their hit after a key report showed a significant recovery in oil and natural-gas production in the Gulf of Mexico following Hurricane Dennis... A weaker oil demand, estimate from the International Energy Agency, and a significant climb in last week's U.S. distillate inventories, contributed to oil's decline....
posted by Unknown @ 2:06 PM
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