| Rally, Inventories U.S. crude oil inventories unexpectedly | | | | Jan. 1 because of rising Canadian imports and a |
| climbed 1.89 million barrels to 355.9 million in the week | | | | seasonal decline in demand as refineries shut for |
| ended April 16, according to a Department of Energy | | | | maintenance. Supplies are so plentiful that West Texas |
| report. While the overall level of inventories is high, the | | | | Intermediate, or WTI, oil costs less than benchmark |
| pattern of movements is similar to recent years, | | | | Brent crude in Europe, a lower quality crude. Brent cost |
| Astmax's Emori said. The direction from here will be | | | | more than WTI three times in the past year. |
| more important than the absolute level, and oil is likely | | | | Accommodative monetary policy Federal Reserve |
| to be sustained between $80 and $90 a barrel for the | | | | System policy to increase the amount of money |
| rest of the year, he said. "Ninety could be reachable, | | | | available to banks for lending. See: Monetary policy. |
| but over $90 to $95 would probably be difficult unless | | | | With rights Shares sold accompanied by entitlement |
| there are more strong factors on the fundamental side | | | | the buyer to buy additional shares in the company's |
| appearing," he said. Erlend Olson :Writer The seller of | | | | rights issue. ABC agreement A contract between an |
| an option, usually an individual, bank, or company that | | | | employee and a brokerage firm outlining the rights of |
| issues the option and consequently has the obligation | | | | the firm purchasing an NYSE membership for that |
| to sell the asset (if a call) or to buy the asset (if a put) | | | | employee. Accommodative monetary policy Federal |
| on which the option is written if the option buyer | | | | Reserve System policy to increase the amount of |
| exercises the option. | | | | money available to banks for lending. See: Monetary |
| | | | policy. |
| Inventories are near the record 35.7 million barrels on | | | | |