








The world is closer to a peak in oil supply than International Energy Agency estimates admit, UK newspaper The Guardian reported in its Tuesday edition, citing an unidentified "whistleblower" at the IEA.
Oil prices fell on Tuesday towards $79 a barrel as a late-season hurricane subsided in the Gulf of Mexico and traders awaited key U.S. inventory data.
It's "risk on" in global markets, a trend traders say could help keep stocks heading higher for now.
The latest sales numbers out of China this morning are further vindication that General Motors strategy in that country is paying off.
