Commodity markets are trading mixed Thursday, pushed and pulled each way following Japan's S&P downgrade, the U.S. Fed's confirmation it will be continuing the $600 billion bond purchase program, and the Congressional Budget Office (CBO) announcement that the U.S. will see its largest budget deficit on record at around $1.5 trillion.
The crude oil market sees additional newsflow pushing prices, with the WTI and Brent spread widening once again to over $10/bbl following the weekly Department Of Energy (DoE) oil inventory stats released by the Energy Information Administration (EIA) yesterday. Key to the move was yet another increase in stocks at Cushing, Oklahoma, which is the key delivery hub for Nymex West Texas Intermediate, and as such, offers an insight into near-term delivery potential and supply levels for the U.S. benchmark.
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Rosario Dawson Tricia Helfer Elena Lyons Brooke Burns Lena Headey
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