Bears Launch Attack on Crude after Surprise Build in Inventory
Tweet
Share
E-mail
More bad news for United States Oil Fund ETF (NYSE: USO) as a surprise reading on inventory shows a build up of crude oil in the U.S. of 2.8 million. Most analysts had expected a decrease in inventory of between 600 thousand to 1 million barrels. WTI futures are trading lower immediately following the news.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump: Reinstating The Iranian Blockade
- Dubai plans new port to bypass Strait of Hormuz - FT
- Oil gains over 4% as Trump says US reinstating Iran naval blockade
Create E-mail Alert Related Categories
Commodities, ETFsRelated Entities
Crude OilSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
