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Oil Price - June 24

Posted: Fri Jun 24, 2016 8:48 am
by dan_s
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.

Re: Oil Price - June 24

Posted: Fri Jun 24, 2016 8:56 am
by dan_s
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