Oil Inventories Reach Highest Level Since November
The Energy Information Agency reports crude oil inventories build by 6.6 million barrels in the latest week -- a much larger-than-expected build.
The Energy Information Agency reports crude oil inventories build by 6.6 million barrels in the latest week. BRG Brokerage President Jeff Grossman tells TheStreet's Joe Deaux that this is a much larger-than-expected build, but he is surprised the WTI crude market remains little changed amid the inventory build and the Crimea crisis. Grossman warns that prices, which remain near $100 a barrel, likely will see a pullback to the mid $90 range, but not much further below that level.
