| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
22Jan2016 Market Update: Crude Oil Expands Gains, DOW Rises To Triple Digits, Indicators Haven’t Changed Their Bear Outlook
Friday, January 22, 2016 12:18
% of readers think this story is Fact. Add your two cents.
Written by Gary
US major averages opened over one percentage point higher and been trading in a narrow sideways trend. Oil has extended its gains and soared about 8 percent today (high 31′s) and the oil rig count dropped 5 more to 510 this week, the lowest since April 2010. However, analysts see further declining prices in the very near future as Iran oil hits the European Markets and expanding the crude inventory.
Source: http://econintersect.com/pages/market/market.php?post=201601221250
