EFTA00741241.pdf

From: Jeffrey Epstein <[email protected]> To: Steve Hanson Subject: Date: Tue, 27 Oct 2009 09:58:50 +0000 Oil Little Changed Around $78 on Forecast U.S. Supplies Grew Share I Email print I A A A By Grant Smith and Ann Koh Oct. 27 (Bloomberg) -- Crude oil was little changed around $78 a barrel in New York before a report forecast to show that U.S. crude inventories expanded for a third week. An Energy Department report due tomorrow will probably show that U.S. stockpiles of crude oil rose 1.5 million barrels last week, according to a Bloomberg News survey. Analysts forecast that supplies of gasoline and distillate fuel, a category that includes heating oil and diesel, declined last week. "It's overvalued and it may be time for a correction," said Carsten Fritsch, an analyst with Commerzbank AG in Frankfurt. "The fundamental picture is bearish. Demand outside China is still weak and global stockpiles are ample." Crude oil for December delivery was at $78.55 a barrel, down 13 cents, at 8:49 a.m. London time. Yesterday, it dropped 2.3 percent to close at $78.68 a barrel on the New York Mercantile Exchange, the biggest decline since Sept. 24 and the lowest settlement since Oct. 16. The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. EFTA00741241