Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Articles Tagged "traded"
With crude oil prices descending, there was a huge inflow of funds into oil exchange traded funds of ETF Securities Ltd even outpacing the flow of funds into ETFS physicaly-backed gold ETCs. For full story, click here