The Energy Report for Thursday, April 23, 2009

By Phil Flynn
23 April 2009 @ 12:00 pm EDT

Come on admit it you cynical oil traders out there, admit that you owe the American Petroleum Institute an apology! Admit you snickered last week when the API reported that crude supplies rose by 6.5 million barrels. You said it was outlandish! You thought that the API was out of their minds or just plain crazy. We'll maybe the API isn't that crazy after all. Not all of them anyway.

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