10:04 am WTI Crude Oil Stalls Near $49/Barrel, Pulls Back
The dollar index is trading higher this morning, which is weighing on commodities this morning.
May WTI crude oil futures slid as low as $47.65/barrel in early morning trade, but has since rallied back and put in a new HoD at $49.16/barrel.
In current trade, May crude is -0.4% at $48.70/barrel.
Natural gas was in the red all night, but picked up some buying interest this morning and rose as high as $2.67/MMBtu. May NG is now +0.4 at $2.65/MMBtu.
Precious metals have been in the red all day so far, largely on the strength …More