Oil Supply a 80 Yr. Historical High! Read this before you bet your life savings on this Pony
SAN FRANCISCO (MarketWatch) — The increase in U.S. crude inventories shows no sign of a slowdown, and supplies are holding around an 80-year high despite declines in the number of rigs drilling for oil.
Oil futures traded below $49 a barrel after U.S. government data early Wednesday showed a bigger-than-expected jump in weekly crude inventories. Prices have since reduced some of those losses.
Full article: https://www.marketwatch.com/story/oil-volatile-ahead-of-us-inventory-data-2015-02-11