Oil

- The collapse in oil prices could end up cutting the growth in future oil supply in half from what would have been anticipated during the high price period, according to a new study from Cambridge Energy Research Associates (CERA: undefined, undefined, undefined%), an IHS Inc. (NYSE: IHS: 42.05, 0, 0%) company.

- The Long Aftershock concludes that about 7.6 million barrels per day (mbd) out of total potential future net growth of 14.5 mbd from 2009 to 2014 are "at risk."

- There is little, if any, fundamental data that justifies the price increases over the last few weeks," said James Williams, an economist at energy research firm WTRG Economics On the New York Mercantile Exchange, crude for May delivery closed below $50 for the first time since March 18.

"Oil is trading lower today due to the shocking news out of the auto industry and the implications for demand if GM or Chrysler fall within the next 60 days," said Zachary Oxman of TrendMax Futures. "I think the market sees that this recession is nowhere near over."