The Haney Group: WTI Crude at a Low,
With EU Probing Price Fixing
The Haney Group is tracking West Texas crude as prices dropped to the lowest mark in
almost two weeks, with the market overall showing signs of supplies rising.
EU officials
are...
More
The Haney Group: WTI Crude at a Low,
With EU Probing Price Fixing
The Haney Group is tracking West Texas crude as prices dropped to the lowest mark in
almost two weeks, with the market overall showing signs of supplies rising.
EU officials
are investigating oil companies with regard to antitrust violations concerning
manipulation of prices.
Both of these developments are spelling out to attentive
investor’s solid returns.
“Futures showed little change in New York after dropping for four days continuing an
overall downturn creating the longest run of losses this year.
Crude inventories gained
1.
1 million barrels last week, according to the API.
A report released today shows
stockpiles climbed 450,000 barrels.
Coupled with more information breaking about
Royal Dutch Shell, BP, Statoil ASA and Platts being investigated after news the EU
Commission conducted raids in three countries.
Proving once again that with diversity
solid gains arise whether a market is moving up or down with
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