Tuesday, May 24, 2011

U.S. & Canadian Dollar, Oil, Gold & Silver Update 5-25-11

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The slower growth global economy and concerns about Greece and the euro zone has caused money to flow back to the dollar.

 American Petroleum Institute reported late Tuesday  that crude-oil inventories declined 860,000 barrels in the week ended May 20. Gasoline stockpiles gained 2.4M, while stocks of distillates decreased 846,000. The trade group's report comes ahead of Wednesday's EIA Report. Analysts polled by Platts expected that to show a decline of 1.6M barrels, gasoline stocks up 750,000 barrels, and distillates stocks up 500,000 barrels.  >> Oil Futures

Oil, copper climb from depths on Goldman call to 'buy," with the Fast Money traders.

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