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Willy

06/23/11 11:44 AM

#7082 RE: unionman4u #7081

Why should the release of 1.5 days of U.S. consumption have any effect on CAVR, or any oil company? It's such a small amount it should have had no market effect, but it did since the price of light sweet crude is down over 4 bucks a barrel this morning. The world uses 85 million bbl/day so the 30 million is only 1/3 of the worlds daily consumption..it's peanuts.