First came yesterday's more hawkish Fed comments, and today it's rising U.S. crude inventories,...

|By:, SA News Editor

First came yesterday's more hawkish Fed comments, and today it's rising U.S. crude inventories, as crude oil prices tumble another 2.5% to ~$93/bbl. on top of yesterday's similar losses. The uptrend in oil markets is now "firmly broken," according to VTB Capital's Andrey Kryuchenkov. XLE -1.1%, OIH -2%, XOP -0.8%, USO -2.1%, UCO -4.1%, OIL -2.1%, USL -1.5%, BNO -1%.