Sumit Roy: Resilient demand, tight supplies push Brent toward high for 2011. The Department of Energy reported this morning that in the week ending July 8, 2011, U.S. crude oil inventories decreased by 3.1 million barrels, gasoline inventories decreased by 0.8 million barrels, distillate(...)
Read the rest of Petroleum Report: Large Supply Gap, QE3 Keep Brent Near $120 (USO, DIG, DUG, SCO, OIH, ERY, ERX)
