Reply To: Around The Barrel – Crude Oil and Gasoline Traders Outlook for The Week Ahead

#69953
Truman
Participant

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

On a related note, the S&P 500 energy sector (-1.0%) has extended its loss recently. The materials sector (-0.4%) is another underperformer.