Commodities – Energy
Crude Oil Stumbles on Data
Crude Oil (WTI) – $71.89 // $0.26 // 0.36%
Commentary: A horrendous U.S. Existing Home Sales number sent crude oil reeling along with equity markets. Oil dropped $1.47, or 2.01%, after The National Association of Realtors said that the number of existing home sales in July fell to the lowest level since records began in 1999. The 3.83 million unit figure was much worse than the 4.65M that was expected and the 5.26M in the prior month. The fact … [visit site to read more]

Originally from Daily Markets