Swimming in Diesel: Huge Oil Stocks Show No Recovery in Sight

Oil bulls betting that a burgeoning economic recovery would boost crude prices got another slap today. New government data showed that the nation

And what diesel demand is saying is that the economy is still in a sickly state. U.S. diesel consumption, which has been dismal for most of the year, was down an average 12.3% over the past four weeks. In the futures market, prices for heating oil, a proxy for diesel, tumbled more than 60% from their peak in July of last year. That