Higher core CPI, oil rising again, weak job market. Not looking great. But the market might still go up 500 points tonight. bleh. Maybe they'll enjoy stagflation
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DALLAS (MarketWatch) -- Energy futures added to gains Wednesday morning after the Energy Department reported an unexpected drop in U.S. crude and gasoline supplies. Inventories of distillate fuels, including heating oil, were unchanged. May crude rose 1%, or 51 cents, to $52.80 per barrel; June crude gained 1.4%, or 73 cents, to $54.30 per barrel; May gasoline added 0.79 cent to $1.578 per gallon; and May heating oil was up 0.6 cent at $1.499 per gallon.
