Crude oil prices down today because of spike in the U.S. dollar. Dollar up on Brexit vote. Euro way down.
Supply/Demand fundamentals have not changed in the last 24 hours.
On a brighter note, the chance of the Fed raising interest rates this year is now close to zero.
Oil Price - June 24
Oil Price - June 24
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Oil Price - June 24
You can see minute by minute NYMEX oil trading at: http://www.investing.com/commodities/crude-oil
After a big drop at the open (in response to spike in the U.S. dollar), the buyers moved in and oil prices have stabilized. About $1.00/bbl off the low at 8:50 CT
After a big drop at the open (in response to spike in the U.S. dollar), the buyers moved in and oil prices have stabilized. About $1.00/bbl off the low at 8:50 CT
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group