Crude is surging
Advertisement
Crude oil is surging.
Advertisement
On Wednesday morning, the price of West Texas Intermediate crude oil was up almost 3% to $49 a barrel.
The rally is somewhat puzzling one, as the latest data from the EIA released at 10:30 am ET showed that crude oil inventories rose more than expected.
Crude inventories in the US rose by 4.8 million barrels last week, bringing crude oil inventories to $471.4 million barrels, yet another record high over the last 80 years.
Here's the spike in crude.
Advertisement
FinViz
Advertisement
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance