Tortoise Portfolio Manager Quinn Kiley in Bloomberg

Oil Drops After U.S. Stockpiles Rise, Fed Warns of Covid Risk

  • Glut concerns overshadow optimism OPEC+ may extend curbs
  • Domestic crude inventories rose over 4 million barrels

Oil dropped after an unexpected increase in U.S. stockpiles and a Federal Reserve warning that a vaccine may not be enough to get the economy back on track.

Read more here: https://www.bloomberg.com/news/articles/2020-11-11/oil-extends-gains-after-opec-signals-likely-delay-to-output-hike

© Zito Partners 2011-2019. All rights reserved.