Meanwhile, light, sweet crude for June delivery fell $1.24 to $124.56 a barrel Wednesday on the New York Mercantile Exchange on expectations that an Energy Department inventory report later Wednesday will show a big jump in crude supplies.
Oil prices hit a trading record of $126.98 a barrel Tuesday. Oil prices may be more volatile in coming days as investors square positions ahead of the June contract's expiration next week.
Emphasis added by me.
Things have been a bit quiet on the oil front.
As that cliched movie line goes: Too quiet.
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