A Flood of Crude Could Mean Oil Prices Will Drop

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By David Wilson

May 31, 2012 at 10:50 PM UTC

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This article is part of the June 4, 2012 issue of businessweek.

Two measures of oil availability have reached their highest levels in decades, according to Michael Shaoul, CEO of broker Oscar Gruss & Son. Demand “has been overwhelmed by supply,” he says.