Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

WTI crude (USO -1.3%) slips back below $90/barrel following the unexpected surge in inventories....

  • Wednesday, March 6, 11:05 AM ET
    WTI crude (USO -1.3%) slips back below $90/barrel following the unexpected surge in inventories. Gasoline (UGA -0.9%) stockpiles fell as well, but by less than expectations. Perhaps some relief at the pump is on the way?
Track new comments on this story

This news story has 1 comment:

  •  
    That would be nice relief for many. Price of any commodity today has very little to do with traditional supply and demand anymore. I doubt there is 20% oil on the entire planet to cover demand for paper traded energy shares these days. If I buy one oil futures contract I physically reserve in my name 1000 barrels oil I never had any intention of taking delivery of . Imagine the distortion in prices an energy ETF causes each time they make an oil buy.
    6 Mar, 01:56 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Commodities Articles
More Latest Articles »