In the recent Energy Information Administration petroleum report there is an outlook for the near future of the oil market with an analysis of the main factors that could affect the changes in oil prices in the rest of 2011 and 2012.
Here is a weekly review for the week ends on November 4th of the U.S. oil market:
U.S. petroleum stocks changed direction and sharply fell last week by 15.3 million barrels and reached 1,745.3 million barrels. The current petroleum stocks are 96,705 million barrels below oil stockpiles levels recorded during the same week in 2010.
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