Crude Oil (WTI) – $76.54 // $0.36 // 0.47% Commentary: It was another muted day for crude oil price action, as the commodity dipped $0.34, or 0.44%, on the session. Prices continue to consolidate last week’s gains, as elevated inventory levels prevent oil from surging in step with the equity markets. Nevertheless, continued gains in [...] [...more]
Crude oil fell notably on Tuesday as growth concerns reemerged. Traders will now look to the DOE inventory report set to be released on Wednesday. Gold continues to move inversely to the US Dollar. Crude Oil (WTI) – $80.12 // -$0.13 // -0.16% Commentary: As has been the pattern in recent sessions, crude oil followed [...] [...more]
Crude Oil prices dropped 1.5% yesterday as the department said the U.S. economy lost momentum heading into the second year of the recovery from the recession. Crude pared losses after Federal Reserve policy makers announced their first attempt to bolster growth since March 2009. Oil hovered around $80 a barrel on Wednesday after data showed [...] [...more]
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