US oil closes 35 cents lower, or 0.93%, at $37.16 a barrel
Oil prices settled lower on Wednesday after traders and investors ignored an unexpected drawdown in U.S. crude stockpiles to focus on a build in distillates, including diesel, that came in twice more than expected.
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Yes, it should
Unreal how the boys continue to play with these numbers knowing that gold should be up!
They just have to do it……..
Looks like oil prices get dragged along with the market for now until it can go no further.
Note that dollar declines and Euro rises make Eurodollar funding for QE in Europe and negative rates too costly, since margins are squeezed on the inverted yield curve between US t-bills and Euro denominated treasuries.
imho having cnbc cheapens this site
Yeah, I like the daily unstructured format. We don’t need to cover everything ‘on-the-spot’
Give me another source. Chris uses CNBC because the material has nothing to do with opinion only the actual numbers as a primary source.
I find it a good site to get information quickly. Bloomberg is too confusing to find information.
If you are just looking for specific numbers, we find it to be quite easy Paul L. We don’t utilize the other stuff!
ditto Agatha and FranSix
Why, in your opinion Frank, does information from CNBC cheapen our site?
Because the MSM is owned by six people with a certain agenda…….like duh…..lol
Did you hear about the HR 22 being passed on MSN..over the weekend? IF, not then that would be an example.
Thanks FranSix, we all agree with you.
NEW LAW…………concerning PASSPORTS……….HR22……..and your friendly tax man.
Gold was at 1082 earlier and now it is at 1072…………..these guys come right out of a comic book don’t they!
Good post, Al.
Thanks man!
Dollar down big…..1.04 down…..gold should be acting better