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The energy space got crushed for the second consecutive day Wednesday as bearish oil inventory figures, falling demand for oil and its derivative products, and worries about a slowing economy eliminated all remnants of optimism in energy futures and equities markets.
West Texas crude futures for August delivery dropped $4.14 to $134.60 at the New York Mercantile Exchange, and Brent crude lost $3.52 to settle at $138.75. Reformulated gasoline slid 8 cents to $3.28 a gallon, while heating oil mustered a fractional gain to close at $3.84 a gallon.
Near-term natural gas fell 8 cents to $11.40 per million British thermal units. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
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