Oil futures tumbled lower today, as the commodity took a hit on data showing that private-sector jobs grew at their slowest pace in seven months. A larger-than-expected increase in domestic crude inventories -- which hit their highest level since September 1990 -- also weighed on black gold. By the close, June-dated crude lopped off 94 cents, or 0.9%, to land at $105.22 a barrel.
Similarly, gold futures tallied their third straight loss, as a stronger dollar held the precious metal in negative territory all day. Gold for June delivery dropped $8.40, or 0.5%, to settle at $1,654 an ounce.
Levels to Watch in Trading:
For today's notable annual highs and lows, click here.
At the end of every market day, the staff at Schaeffer's Investment Research reviews the trading day in detail, covering major events and key market developments. Don't miss this critical, timely and insightful report. If you enjoyed today's edition of Market Recap, sign up here for free daily delivery straight to your inbox.
The Case for Big Moves in IWM and QQQ
Featured Partners: AOL DailyFinance
© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242
Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: email@example.com
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.