“Oil futures rose Thursday after the government reported larger-than-expected declines in crude and heating oil inventories… Inventories of distillates (heating oil, diesel fuel) fell by 3.3 million barrels, more than the .8 million expected… Oil supplies have declined more than expected for several weeks running, exacerbating a perception that supplies may be inadequate to meet winter demand… ‘Stocks are just plunging’…”  Pre-echoes of WWO as reported in today’s San Jose Mercury News.

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