Replies to post #1122 on PowerShares DB Crude Oil DXO (DXO)

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Oil with a 2.8 million barrel drop in U.S. crude stocks ... a weakening U.S. dollar and news on strong GDP growth in China provided the basis for a rebound in international oil prices."

The Energy Information Administration said Wednesday that the country's supply of crude oil dropped more than expected last week, falling by 2.8 million barrels.

Inventories have dropped 13.2 million barrels during the last four weeks.


http://seattletimes.nwsource.com/html/businesstechnology/2009480154_apoilprices.html


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