Crude oil dips to 6-week low

|By:, SA News Editor

A smaller-than-expected draw on crude supplies is today's excuse for selling as WTI crude slips 1.4% to $92.33 per barrel - a six-week low.

Crude stocks fell 2.7M barrels in the week ended January 3, says the EIA, less than the expected 3.3M decline.

WTI crude hasn't been below $90 per barrel since April.

USO -1.4%

Products: UGA -1%, UHN +0.2%

Crude oil ETFs: USO, OIL, UCO, SCO, DBO, DTO, BNO, CRUD, USL, DNO, SZO, UWTI, OILZ, DWTI, OLO, OLEM, TWTI