Oil futures continued to falter in Wednesday's trading, after a report showed weekly crude supplies were the highest since records began more than 30 years ago. The June contract gave back 31 cents, or 0.3%, to close at $101.44 per barrel.
On the flip side, gold managed its first advance in four sessions, fueled by continued tension in Ukraine along with weakness in U.S. stocks. By the closing bell, gold for June delivery had edged up $3.50, or 0.3%, to $1,284.60 an ounce.
Why OIH Is Finding Key Support at $52
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