Warmer-than-expected fall weather and high prices have reduced energy demand in the western hemisphere, allowing inventories to rebuild, even as production is significantly below capacity.
More Quotes from Bart Melek:
The labor market seems to be fairly robust. Strong employment means income growth, and that means people have more money in their pocket.Bart Melek
Recent oil and fuel inventory trends are clearly demonstrating that the oil industry is no longer in crisis mode and that energy prices are likely to continue to soften.
Bart Melek
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