Crude prices move lower this morning, diminishing a portion of Friday’s increases. Crude prices are $48.37 this morning, losing $.14 (.29%) from Friday’s close. Prices opened at $46.93 on Friday and gained $1.58 to close at $48.51.
After yesterday’s draw of crude inventories, crude prices are higher this morning at $50.14 gaining 58 cents (1.7%).Prices saw sizable gains during yesterday’s trading session following the EIA inventory report, rising $.82 (1.7%). The bullish market following the EIA report has continued to give[…]
Crude prices have remained fairly unchanged at $49.55, up just 38 cents (.77%) from yesterday’s close. Even after the API’s report was released, showing 7.8MM bbls draw, crude remained flat throughout the day suggesting that markets are more cautious to make decisions based on the API report.