The KUIK Closing Market Report for Wednesday, December 23:
Markets were up.
Index Direction Change Units Index Time Change
Dow Up 185 points 17,603 2:02 PM
S&P500 Up 1.2% percent 2,064 25.32
Nasdaq Composite Up 0.9% percent 5,046 44.82
30 Year Treasury Up 4 Basis Points 3.00 Annual Yield
Oil futures ended higher today, boosted by a large drop in crude inventories. February crude rose 3.8%, to end at $37.50 a barrel on the New York merc, and extended early gains after the U.S. Energy Information Administration said crude inventories fell by 5.9 million barrels in the week ended December 18. Analysts polled by The Wall Street Journal had forecast an increase 600,000 barrels, while the American Petroleum Institute reported yesterday that inventories had dropped by 3.6 million barrels.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/oil-ends-with-strong-gains-as-us-crude-inventories-drop-2015-12-23?dist=markets
For today’s Closing Market Report click to listen->