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#1
6th October 2006, 01:35 PM
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OIL PRICES MAY RISE: (play the market)
Crude oil, gasoline, heating oil, diesel and natural gas supplies last week were above the five-year average for the period, the Energy Department said on Oct. 4. “This shows that petroleum Refinery Company’s are taking as much as possible advantage of this price fall in the market”
Crude oil fell on speculation Saudi Arabia, the world's largest producer, hasn't agreed to participate in any output cut by the Organization of Petroleum Exporting Countries. ``Saudi Arabia seems not to agree on any cutback plan until oil falls below $55 a barrel,'' said Makoto Takeda, an energy analyst at Bansei Securities Co. in Tokyo play the market.... 
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