Larger Than Expected Fuel Inventories Have ETFs Hesitating
August 06, 2008 at 14:00 PM EDT
The inventory numbers are in, sending fuel prices lower and energy-related exchange traded funds (ETFs) sputtering while they figure out where to go next. The supplies were larger than expected, an indicator that high prices are still cutting into demand, reports Stevenson Jacobs for the Associated Press. Oil dropped as low as $117.14 a barrel, its [...]