Crude Ticks Higher Following Recent Slump; ECB Lowers Key Rate (USO) (OIL)
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Crude Prices Fall as Inventory Builds (USO) (OIL)
May 1, 2013 10:51 AM EDTWTI futures dropped on Wednesday after government data showed a massive build in inventory. The report showed crude stockpiles for the week ending April 26th grew by 6.7 million barrels, a much larger gain compared to a survey that called for a gain of only 1.1 million barrels. API data on Thursday... More
Crude Dips on Record-High Euro-Zone Unemployment, Profit Taking (USO) (OIL)
April 30, 2013 2:36 PM EDTCrude is slipping today following recent gains as some traders are taking profits while new euro-zone data pointed to record-high unemployment numbers.
Eurostat said the unemployment in the 17-member union hit 12.1 percent, the highest level on record for the area. Inflation, meanwhile, fell to an annualized rate of... More
