Commodities – Energy
Crude Oil Down in Holiday Trade
Crude Oil (WTI) – $74.27 // $0.33 // 0.44%
Commentary: Crude oil is currently down after falling on Friday despite a better-than-expected U.S. nonfarm payrolls report and rallying equity markets. Surging U.S. inventories continue to put pressure on the commodity, which typically rallies strongly on global growth optimism. It is worth repeating that inventories in the U.S. are at multi-decade highs and that U.S. crude oil production is at … [visit site to read more]

Originally from Daily Markets