- The release of 5M barrels is a test, says the government, to check for proper operations and infrastructure. Offers to buy are due by 2 ET on Friday.
- Oil was nicely lower today already and dipped further on the news, but has since returned to where it was before the release hit the wires, -1.4% to $98.66 per barrel.
- The latest EIA report released just minutes ago shows crude inventories up by 6.2M barrels last week.
- USO -1.2%
- ETFs: USO, OIL, UCO, SCO, DTO, DBO, CRUD, USL, UWTI, DNO, DWTI, SZO, OLO, OLEM, TWTI
From other sites
at CNBC.com (Jan 13, 2015)
at CNBC.com (Dec 11, 2014)
Video at CNBC.com (Dec 10, 2014)
at CNBC.com (Dec 10, 2014)
at CNBC.com (Dec 5, 2014)
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