Energy Futures Fall


MARKETSCOPE : Dec. WTI crude slipped 30 cents to $58.28 as options expired below the $60 strike price... also, some selling ahead of tomorrow's inventory reports that expected show crude stocks rose 1.1 million barrels, which products hardly changed... Dec. heating oil futures edged up 0.32 cent to 166.32 cents... Reuters reports U.S. heating oil stocks are nearly 7% above last year's level... abnormally warm weather in the Northeast has put pressure on heating oil demand and prices... Dec. gasoline futures added 0.78 cent to 154.48 cents.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.