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U.S. Markets Trading in Narrow Range as Oil Pullback on Increased Inventory

August 1, 2023
in Trade Tube
Reading Time: 1 min read
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U.S. markets were mixed and trading in a narrow range at midday Wednesday. The Dow Jones Industrial is being led by Disney (DIS). Other blue chips closely watched include Verizon (VZ) and AT&T (T) on new net neutrality rules expected to be proposed. In an op-ed for Wired magazine, the FCC chairman shared his plans to regulate the Internet as a public utility. Oil prices pulled back from solid gains after inventory data showed more stockpiles than expected. The EIA report showed an increase in crude oil stockpiles of 6.3 million barrels for the week ending on January 30.

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