Oil prices slid today as strong US economic data increased worries about future rate hikes. New orders for US manufactured capital goods increased more than expected suggesting business spending on equipment is strong. Meanwhile, Fed Governor Jefferson said inflation remains \u201cstubbornly high\u201d. On the product side, Bob Yawger of Mizuho is expecting another big inventory build this week. Losses were mitigated when Russia announced it is halting exports to Poland via a key pipeline however, a majority of Polish imports are waterborne anyways. WTI traded down $.64 or -.8% to close at $75.68. Brent traded down $.71 or -.9% to close at $82.45.<\/p>\n\n\n\n
Oil prices slid today as strong US economic data increased worries about future rate hikes.<\/p>\n","protected":false},"author":2,"featured_media":8776,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-8863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"\n