Logo Background RSS

Advertisement

Lower oil supplies may show well for economy

  • Written by admin | No Comments Comments
    Last Updated: August 20th, 2009

    The economy got another positive sign this week in the form of a substantial drop in crude oil supplies that suggests consumption could be on the way back up.

    According to the Energy Information Administration, the nation’s crude oil stocks stood at 343.6 million barrels, a decline from the previous week’s 352 million barrels. This marks an end to several straight weeks of increasing supply levels that had undermined emerging optimism about a possible economic recovery on the horizon.

Advertisement

Leave a Comment