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Wednesday, March 14, 2007

Crude Oil Update

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Crude oil preserving the $57.80 support before the US inventories at 15:30 GMT.
Below the $58.30/50 Short Term and more importantly $60.00 focus has to be lower towards $56.50 and $54.50.
Keep in mind also tomorrows OPEC meeting in Vienna.

Expected DOE inventories - Crude +2000K, Gasoline -2375K, Distillate -2075K.

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