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Crude oil pops after unexpected inventory draw

Sep. 24, 2014 10:45 AM ETUCO, USO, OIL-OLD, DBO, USL, DTO, OLO-OLD, SCO, DNO, BNO, CRUD, UWTI, DWTI, SZOXF, OILBy: Stephen Alpher, SA News Editor2 Comments
  • Crude inventories fell 4.3M barrels last week, according to the EIA, vs. expectations for a 400K barrel gain and the previous week's 3.7M barrel gain.
  • The news is enough for a $0.70 cent spike in the price of November crude, now up 0.4% on the session at $91.92.
  • USO +0.4%
  • ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, USL, UWTI, DNO, DWTI, SZO, OLO, OLEM

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