Crude oil leading commodities slump
Crudeoilleadingcommoditiesslump http://feedly.com/k/1cyZB0D As discussed earlier (see post), crude oil (particularly WTI) remains under pressure. As US economic activity slowed (see post), so did the demand for crude. This pushed up inventories to 5-year highs for this time of year. Source: EIA The rise in crude inventories can be explained by the fact that US oil production is now 15% higher than it was a year … Seguir leyendo Crude oil leading commodities slump
