Oil Inventories Build More Than Anticipated as Spring Settles In
Crude oil inventories build to 3.5 million barrels, according to the Energy Information Agency. The build was about 800,000 barrels more than analysts anticipated.
Crude oil inventories build to 3.5 million barrels, according to the Energy Information Agency. The build was about 800,000 barrels more than analysts anticipated. Spartan Commodity Fund CEO Alan Harry tells TheStreet's Joe Deaux that a "war premium" is on WTI Crude right now as uncertainties remain in Ukraine. Harry says oil would be in the mid $80 a barrel range without tensions in Ukraine. The key level of technical resistance investors should watch, according to Harry, is at $101.20.
