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NYMEX Oil Complex Higher on Short-covering Spurred by Supply Hype
January 08, 2008 8:55:AM ET
By John Troland, Tom Waterman
Houston, TX January 8, 2008 8:55 AM ET
The February NYMEX crude, RBOB gasoline and heating oil contracts are called to open well above Monday's settles as some of the perennial price hawks are again raising concerns that supplies are lagging demand. One of the more vocal price hawks, Goldman Sachs, has again suggested that crude supplies in the U.S. will continue to decline in the short-term. Many analysts are again calling for a drop of 300,000 to as much as 2.0 million barrels in tomorrow's EIA.......

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