Oil futures surged above $104 to reach a one-month high, after the Energy Information Administration revealed that crude inventories posted an unexpected drop for the week ended May 16. By the close, the July crude contract had gained $1.74, or 1.7%, to settle at $104.07 per barrel.
As U.S. equities pressed higher, June gold futures lost $6.50, or 0.5%, to end the session at $1,288.10 an ounce. Following the release of the Fed minutes, they continued to lose ground.
The Case for Big Moves in IWM and QQQ
Featured Partners: AOL DailyFinance
© 2015 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.