Oil Lower as Fed Extends Twist
Tweet
Share
E-mail
United States Oil Fund LP ETF (NYSE: USO) is on the move today as comments from the FOMC today announced a continuation of operation twist. The measure will see the Fed buy 6-30 year U.S. bonds while selling shorter-term securities.
Oil is trading lowers and looks to test $81. A breakdown here could see prices drop to $75 per barrel, say traders.
Oil is trading lowers and looks to test $81. A breakdown here could see prices drop to $75 per barrel, say traders.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Crude Inventory Fell 6.1 Million Barrels Last Week, Says EIA
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- Wright: in the last 24 hours, 72 ships and 20 million barrels of oil have transited through the Strait of Hormuz
Create E-mail Alert Related Categories
Commodities, ETFsRelated Entities
Federal Open Market CommitteeSign 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!
