A recent survey of industry insiders indicates that US crude oil inventories have increased and are approaching a one-month high. The slowing demand for energy adds further to the evidence that the US economy is retreating.
Ã¢â‚¬Å“These inventory numbers are getting too big to ignore, particularly because this is the case across the board,Ã¢â‚¬Â said John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund that focuses on energy. Ã¢â‚¬Å“At the very least they will present the market with a strong headwind.Ã¢â‚¬Â
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