Stock Market Today

The U.S. service sector index in June announced on Tuesday fell to 53.8% lower than 54.5% of market expectations, but crude oil prices wasn’t follow the decline, on the contrary, it continue upward, analyst Matt Smith (Matt Smith) from Summit energy company said that crude oil prices generally caused the prices unchanged in the short week of trading or showed a slight downward trend.
Citigroup futures analyst Tim Evans observed that, oil prices rise significantly weak compared to the stock market’s rebound, “This shows that the oil traders on excess inventory and weak demand has generated concern.”
Cude oil and natural gas inventory data will be released at 10:30 and 11:00EST Thursday in this week.
Other energy products generally rose, natural gas contract fell 1 cent in September, 4.7 U.S. dollars per million British thermal units, down 0.3%; natural gas contract fell 1 cent in august, 4.68 U.S. dollars per million British thermal units, down 0.1% .