Reply To: Traders Market Weekly: Geopolitics and Stormy Weather

#69952
Truman
Participant

The weekly EIA crude oil inventories showed a build of 1.34 million barrels versus last week’s draw of 5.5 million barrels. WTI crude oil futures turned lower in response, trading flat now at $72.27/bbl after hitting $73.50/bbl earlier.

S&P 500 energy sector (-1.0%) has extended its loss recently. The materials sector (-0.4%) is another underperformer, along with the health care sector (-0.3%) on this final day of the JPMorgan Healthcare Conference.