Oil imports decline and US businesses ship more goods overseas, pointing to stronger than initially expected growth in the April to June quarter
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CME Group to Launch Micro WTI Futures on July 12
CME Group, announced it will expand its suite of micro-sized futures contracts with the introduction of Micro WTI futures. The contracts are expected to launch on July 12, pending regulatory review.
Crude Oil Higher
Hedge funds increased bullish bets on WTI to the highest level since May 2011, according to the U.S. Commodity Futures Trading Commission.
At Least 12,000 Barrels Of Crude Oil Spill In Arkansas
On Friday, an Exxon Mobile pipeline ruptured in Mayflower, Arkansas, spewing thousands of gallons of crude being transported from Canada’s oil sands.
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