When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
DB Crude Oil Long Exchange Traded Notes due June 1 2038
The U.S. Department of Energy released its May Short-Term Energy Outlook (STEO). The inventory figures they report reveal that the U.S. and global physical oil markets are well-supplied and are expected to remain that way, notwithstanding sanctions on Iran and Venezuela.
U.S. Inventories
Having risen 30 million barrels in the year-to-date, STEO estimates crude oil inventories for ending April at 472 million barrels. They are about 37 million barrels higher than a year ago. Saudi Aramco ([[ARMCO]]) failed to drain U.S. stocks, as planned, despite their reduction in exports to the U.S. market.