Crude oil inventories build by 440,000 barrels and distillates draw 2.4 million. Paramount Options President Ray Carbone tells TheStreet’s Joe Deaux there weren’t any surprises in Wednesday’s EIA petroleum status report and WTI crude oil prices could be stuck in a $92 to $100 a barrel trading range for the next few weeks. The large draw in distillates due to a colder-than-typical winter came as little surprise to Carbone, who says that the trend may continue through the month.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
