Nymex Crude Futures Ignore Inventory Build to Post Modest Gain

摘要

Nymex crude futures staged a late rally Wednesday to close higher after the government reported another increase in US inventory levels. Traders said the market ignored the fundamental picture again, while focusing its attention instead on outside economic indicators including equities. Crude and product inventory numbers from the US Energy Information Administration (EIA) for the week ending Apr. 17 were widely regarded as bearish.