November crude oil prices traded lower throughout the overnight and early morning hours, pressured by another injection of weak economic readings out of Australia, China and Europe. More evidence of slowing economic growth prospects have weighed on oil demand, at the same time that supplies have increased, which leaves the crude oil market with a negative fundamental bias. Expectations for this morning's EIA report are a build in crude stocks in the range of 1.5 million barrels, fueled by a boost in import activity.


View All Market Commentary

*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

 

Copyright CME Group All rights reserved.