We have just seen the June contract expire just below $60  barrel on the Nymex.  More importantly we have to turn our attention to the July contract as this is just a tad above $60 with the contango in the market.  We will see if the price here can stay above this level as API numbers will be coming out shortly and the EIA reports tomorrow with supply numbers.

This entry was posted on Tuesday, May 19th, 2009 at 4:03 pm and is filed under Energies. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.