Latest Breaking News On - Shawn layden - Page 1 : comparemela.com
Surpassing the build we got from the api last night. A drawdown in gasoline, 1. 9 million barrels. We were trading 50. 18, that was flat before the report. You can see were under 50 now. Its actually the first build that weve seen in six weeks. Seasonally, we expect to build at this time, but we havent seen it. Now its starting to hit the market. Now there was strong support in crude oil at 50, but this really pushed us through. And remember, were dealing with a dollar thats strengthening as well. So thats going to add some pressure. Yes, theres some optimism out there about opec, rush sharks putting a deal together by the end of november, but its numbers like these that are going to encourage the sellers to come back into this market. So a 4. 9 million build, first one in six weeks. Pretty significant, back to you. We are seeing that selling come in. Thank you very much, jackie deangelis. Our top story this morning john stumpf is out a the chairman and ceo of wells fargo Effective Imm
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