Oil Prices Did Something Unusual As Dow 20,000 Happened - TheStreet

Oil Prices Did Something Unusual as Dow Hit 20,000

Interesting session for oil.
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Even though the Dow hit 20,000 on Wednesday, oil prices were falling.

Oil prices dropped after the U.S. Energy Information Administration (EIA) reported a 2.8 million-barrel-build in crude inventories last week. Gasoline inventories also rose. U.S. benchmark WTI crude for March delivery fell to $52 a barrel, while Brent crude futures dropped to $55 a barrel.

Even though oil prices dropped, Dow-components Exxon Mobil (XOM) - Get Report and Chevron (CVX) - Get Report were both higher Wednesday.

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