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Oil Inventories Reach Highest Level Since November

Date:
March 26, 2014
Source:
TheStreet / Powered by NewsLook.com
Summary:
The Energy Information Agency reports crude oil inventories build by 6.6 million barrels in the latest week. BRG Brokerage President Jeff Grossman tells TheStreet's Joe Deaux that this is a much larger-than-expected build, but he is surprised the WTI crude market remains little changed amid the inventory build and the Crimea crisis. Grossman warns that prices, which remain near $100 a barrel, likely will see a pullback to the mid $90 range, but not much further below that level. Video provided by TheStreet
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