Oil Prices Are Mortal but $4 Gas Still Not Vulnerable

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The Street

When the Big Three Detroit automakers reported monthly sales earlier this week, there were two interesting footnotes related to this country's so-called addiction to oil. There was a huge build in U.S. crude oil inventory -- to 9 million barrels versus an estimate of 2.5 million barrels. It's the kind of crude build headline that should lead to a knee-jerk bearish reaction from the market, according to Summit Energy commodities analyst Matt Smith. The reaction was just that, but it's far from clear that the reaction will be lasting.

Read the article on TheStreet.com

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