EIA added the insult of another build to crude stocks, to the injury of capital fleeing to safety. In fact, a German treasury issue yesterday was snapped up even though it bore a zero coupon. In effect, investors paying the issuer to sit on their money. Still, crude oil managed an impressive post-settlement reversal of over $1.00 and making up more than 50% of the day’s loss.
Energy Overview — TotalView™ of the Energy Markets