(EnergyAsia, August 4) — Weather concerns, compounding the impact of rising geopolitical tensions, provided strong support for crude and product prices despite seemingly bearish weekly oil statistics from the US Department of Energy on August 2. According to commodities trader FIMAT, the data showed that a surge in product imports easily offset a steep…
MARKETS: Weather fears offset bearish US oil data, says FIMAT
Posted on August 4, 2006 by EnergyAsia