Crude Oil Down Ahead of Energy Department’s Inventory Data (SCO, DBO)

Crude oil fell in trading today as markets await the Energy Department’s crude oil inventory data for last week. Crude oil for delivery in May was down 0.8% to $86.18 a barrel on the New York Mercantile Exchange, while Brent crude was down 0.4% to $85.78 a barrel on the ICE futures exchange in London. In New York, the ProShares UltraShort DJ-UBS Crude Oil (ETF) (NYSE: SCO) is up by 0.80% to $11.36, while the PowerShares DB Oil Fund (ETF) (NYSE: DBO) is down by 0.34% to $29.30.