Energy Prices Lower

Rumors abound on Iraqi shipping increases

MICHAEL BUSBY, Northville Industries, Melville, N.Y.: Energy prices down but up from lows. Prices got hammered at the outset but don't have a good reason for this. Rumors abound that Iraq is going to increase shipments. We don't think the market is in a down trend. If crude holds $29.65,it will take market higher, but if it cracks below that, all bets are off. API report is due tonight, but we don't think they are indicative of where prices are going.

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