An unexpectly large increase in the U.S. oil stockpile that has led to drop in crude oil prices may mean related fuel prices also are poised to drop, a story in fuelfix.com says:
"U.S. crude prices have fallen to $45 a barrel in the wake of a stunning report showing the nation’s commercial stockpile of oil grew the most in 34 years.
"Some oil-market observers trace the 14.4 million-barrel inventory build in the week of Oct. 28 developments that began in the third week of September, when an unusually large fleet of oil tankers departed from several OPEC countries.
"The Energy Information Administration’s report gives market participants another reason to believe fuel prices may lose support ..."
Read the whole story here.