Commodities

Crude Oil Steady Ahead of Inventory Report

 

Crude oil was trading laterally early in Wednesday's session at the New York Mercantile Exchange, with market participants apparently content on lying low until the Energy Information Administration releases this week's report on petroleum storage levels.

West Texas crude was down a hair at $140.87 a barrel, and Brent crude was adding 14 cents at $140.81. Reformulated gasoline and heating oil have both moved less than a penny.

Natural gas is showing slightly more activity, at last check gaining 9 cents at $13.59 per million British thermal units.

Cramer: Don't Be Fooled by Dollar-Oil Excuses

The EIA report is due around 10:30 EDT.

The U.S. Oil(USO) ETF, which tends to track the performance of near-month WTI futures on the Nymex, were half a percent lower at $114.15.

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Dow Jones S&P 500 NASDAQ 10-Year Note
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Oil *
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DOWN
160.83
DOWN
19.10
DOWN
33.63
DOWN
1.06
10 Yr
1.62%
SPDR Gold
151.91
-1.28%
-1.43%
-1.17%
-6.12%
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