September 27, 2005

A PRICEY GLUT:

Oil turns lower on healthy supply (Reuters, 9/27/05)

Oil edged lower Tuesday on signs that crude supplies remain plentiful, even with all U.S. Gulf of Mexico oil output locked in after Hurricane Rita.

Saudi Arabia said there were no takers for OPEC's spare supplies, while the kingdom may pump less crude in October.

Posted by Orrin Judd at September 27, 2005 2:28 PM
Comments

W should keep the EPA restrictions off, too.

Posted by: Sandy P at September 27, 2005 5:10 PM
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