Crude Declines as Earnings and Eco Data Disappoint. Stockpile Soars
BonTradeOil prices initially soared as the US dollar weakened and copper price surged to a record high. Gains were, however, pared as Wall Street declined and housing starts data disappointed. After rising to as high as 92.1, the front-month contract for WTI crude oil fell to 90.86, down -0.57%, yesterday. Heating oil initially climbed to 2.6758, the highest level since September 2008, but profit-taking was seen and the benchmark contract ended the day at 2.6562, up +0.39%.
See more here:
Crude Declines as Earnings and Eco Data Disappoint. Stockpile Soars
