Commodities – Energy
Crude Oil Flat Ahead of Plethora of Data
Crude Oil (WTI) – $75.17 // $0.00 // 0.00%
Commentary: Crude oil will attempt to build upon last week’s three-day rally that saw the commodity bounce from a low of $70.76 to $75.59. But, as much of that rally can be attributed to oversold conditions, it will be difficult to repeat such performance, especially given that the U.S. economic outlook remains extremely challenging in the near-term. While Fed Chairman Ben Bernanke’s … [visit site to read more]

Originally from Daily Markets