Oil Falls Deeper Into Bear Territory

U.S. crude oil inventories down 2.5 million barrels to 509 million barrels in the week ended June 16

Crude Oil: $42.55 barrel, Natural gas: $2.880/MMBtu, Gold:$ 1246.40 per troy oz


Even good news is bad news for oil these days.

Oil prices fell to a 10-month low Wednesday as investors shook off U.S. data showing that stockpiles continued to shrink and focused on relentlessly rising production.

U.S. crude futures fell 98 cents,…Read More.

Resource: WSJ

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