Crude Oil Corrects Back
By Kristina Zurla Landgraf • Mar 27th, 2009 • Category: Broker Commentary, Market Updates, Trader ViewpointsMay NYMEX crude oil futures ended down $1.99 a barrel to $52.35, but the market is still up about 17 percent this year. Has the market gotten ahead of itself? According to a Bloomberg Report, Goldman Sachs Group said fundamentals don’t support higher crude just yet. According to the article, the discount for May crude [...]
