Oil prices are at their current high levels because of low inventory in the US, not the so-called war premium, said the US Department of Energy. US commercial crude oil inventories have fallen to 287.8 million barrels, their lowest levels since March 9, 2001. Inventories fell another 5.4 million barrels last week, and have now…
MARKETS: Crude at $30/barrel as US oil inventories fall to lowest level since March 2001
Posted on September 20, 2002 by EnergyAsia