EIA inventories coming up at 10:30. Last week, the higher gasoline numbers put a damper on the oil rally, but now there is expectation that was only a pre 4th of July stocking up. Pay particular attention to those numbers, they will tell us how much Americans drove over the holiday. If inventories of unleaded gas are way down, oil will breakout above 75. The opposite will pretty much end the present rally.
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on Wednesday, July 12, 2006 at 7:06 AM.
