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Oil Update: Crude Settles Closer to $59

Stock quotes in this article: COP , MRO , XOM , HES  

Is it time to start talking about $50 to $55 oil?

Crude continued its steep drop today as the U.S. Energy Department's most recent weekly inventory data showed continued sluggish demand for energy products.

The Energy Information Administration reported that crude stocks fell only 2.9 million barrels to come to 347.3 million barrels for the week ended July 3. According to a Platts survey, oil watchers anticipated a much steeper 3.2 million barrel fall. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,274.86 1,090.06 2,164.96 33.80
Oil *
75.20
DOWN
11.11
DOWN
1.87
DOWN
8.03
DOWN
0.12
10 Yr
3.38%
SPDR Gold
112.03
-0.11%
-0.17%
-0.37%
-0.35%
Data delayed 20 minutes

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