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Trading > 247Wallst

Second Week of Oil Inventory Declines Running ETFs (USO, OIL)

247Wallst | Wed, 05/20/2009 - 10:30am | ETFs, Oil, oil ETFs, Oil Inventory, USO |  5 comments

It looks like we are seeing the second week of draws in crude oil and oil products.  The Department of Energy is confirming data from the EIA last night showing a second week of inventory declines after weeks and weeks of build-ups.  This is lending strength to the United States Oil (NYSE: ... Read more

Trading > 247Wallst

Unexpected Oil Inventory Rise Takes A Bite (USO, OIL)

247Wallst | Wed, 03/18/2009 - 1:10pm | crude oil prices, Oil, oil inventories, oil prices, USO |  4 comments

Oil may have just gotten some wind taken out of its sails after flirting with $50.00 per barrel late yesterday.  The DOE just released its weekly inventory data showing another build across the board.  Crude rose another 2 million barrels to 353.3 million barrels, gasoline rose 3.2 million ... Read more