Global Banking News-12 June 2009-TIB Financial Corp declares second quarter stock
dividend(C)2009 ENPublishing - http://www.enpublishing.co.uk
It said preliminary data suggested that OECD stocks had fallen by over 1.26m b/d in the first two months of 2007, and "could be heading for the largest quarter stock
draw for over ten years".
"With the potential first quarter stock
draw this implies, talk of further production curbs in the short term may be premature", the IEA said in its monthly oil market report.
stocks would outperform bonds, but at the end of the second quarter stocks
were trailing bonds -- up 3.8% versus 5.3% for the Barclays U.S.