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"Surging crude oil
prices and a concurrent rise in global interest rates are raising the
prospects for a global economic downturn. The combined impacts of these two
factors raise the odds that a tipping point for an unbalanced global economy
could well be close at hand."
- Morgan Stanley Chief Economist Stephen
Roach.
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"Crude stocks
should indicate a small increase due largely to an expected rebound in
imports of 100,000 to 200,000 b/d although runs should also be up, an
expected drop in West Coast crude supply could easily counter this increased
demand in the Gulf Coast region."
- Energy consultant Jim Ritterbusch
outlining in a report what to expect in this weeks US inventory figures from
the Department of Energy and US Petroleum Institute.
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"Expect yet
another week of steep gasoline draws as winter-grade is shoved downstream -
legal to sell it at retail through end-May, though its two and a half weeks
away from its sell-by date at refineries and terminals."
- Deborah White, energy analyst at Societe
Generale.
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