Commodities – Energy
Crude Oil Looks to Inventories and Economic Data
Crude Oil (WTI) – $72.28 // $0.36 // 0.50%
Commentary: Crude oil got slammed on Tuesday, losing $2.78, or 3.72%. In addition to the persistent economic worries that have been plaguing risk assets in general, crude oil was also pressured by the prospect of another bearish inventory report on Wednesday. As readers are aware, U.S. inventories are at multi-decade highs, with each subsequent week merely adding to the large … [visit site to read more]

Originally from Daily Markets