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Market Facts — May 16, 2005

Crude Prices And Inventory – How Do They Relate? While economic intuition, some empirical statistical evidence, and simplistic headlines argue for a perfectly inverse relationship between US crude oil inventories and crude oil futures prices, closer inspection reveals a rather inconsistent correlation.

Open Crude Prices And Inventory – How Do They Relate?
While economic intuition, some empirical statistical evidence, and simplistic headlines argue for a perfectly inverse relationship between US crude oil inventories and crude oil futures prices, closer inspection reveals a rather inconsistent correlation.