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Oil ETFs surge on strong data

Posted on 02 August 2013

Oil is off to a great start in August, continuing the solid trend that the commodity saw in the previous month. The commodity was a big beneficiary of the recent Fed meeting, as expectations for a reduction in QE were seemingly pushed out a little longer.
This expectation helped crude oil to remain firm in the final trading day of July and set the stage for more positive moves, depending on how the latest burst of data played out…………………………………..Full Article: Source


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VRS - who has written 38561 posts on Opalesque Commodities Briefing.


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