Crude oil slips as surprise U.S. inventory build offsets demand signals

seekingalpha2023-05-11

The energy sector (NYSEARCA:XLE) was Wednesday's biggest sector decliner, -1.1%, as crude oil prices fell due to ongoing growth concerns as well as an unexpected buildup in U.S. inventories. U.S. ...

Source Link
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Moonshot
    2023-05-15
    Moonshot
    Why oil prices keep declining whereas inflation doesn't follow suit? One word, Speculation. 
Leave a comment
1
1