CTS Blog Morning Thoughts - July 6

Energy - Crude oil futures are positing a modest bounce this morning following yesterday's smackdown off the 50-day MA. This could be partly due to the above-mentioned saber-rattling, which is often times supportive for crude oil. Additionally, yesterday's API inventory release showed a larger than expected drawdown in US oil inventories of 5.8 mil barrels. [...]The post Morning Thoughts - July 6 appeared first on CTS.