Oil Futures Down Ahead of Inventories

Monday, October 12, 2009

Crude oil futures fell Wednesday in Asia as traders exited long positions ahead of weekly U.S. government oil data that may show further increases in the country's crude stockpiles.

A similar report late Tuesday from an industry group showed inventories surged by 4.6 million barrels last week, well above analysts' expectations.

Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.

0 comments:

Post a Comment

free counters