EIA Inventory Report Pushes Oil Prices Lower

Credit: OilPrice.com- Published on February 21, 2019
The Energy Information Administration reported a crude oil inventory build of 3.7 million barrels for the week to February 15, versus an increase of 3.6 million barrels in the previous week, pushing prices lower. Brent crude and West Texas Intermediate have been trending higher today as news reports strengthen hopes the OPEC cuts...
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Credit: Wochit Business
Published on February 21, 2019 -  00:48
Oil Prices Drop Dragging On S&P 500
According to Reuters, US stocks are trading slightly lower heading into the week's end. By the afternoon on Feb. 21st, the top three markets on the New York Stock Exchange lost their gains from a day before. The Dow Jones Industrial Average retreated about 64-points, falling to 25,891, while the Nasdaq Composite shed 34-points. The S&P 500 was down almost 12-points, with eight of its top eleven sectors trading lower. Energy stocks led losses for the S&P after oil prices eased from a yearly high.

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