French investment bank SG said low gasoline stocks in the US could be boosting crude oil prices by at least US$5-7/barrel. In a report released yesterday, SG said that when the US inventory data show gasoline stocks dropped, crude prices rose, and when they showed gasoline stocks increased, crude prices also rose. It said: “Unless…
MARKETS: SG sees US gasoline stocks boosting crude prices by US$5-7/barrel
Posted on May 25, 2004 by EnergyAsia