Oil prices were volatile in the last 24 hours. They hit a high of $86 this morning due to restricted supply and increasing demand but quickly retreated from that high as investors continue to worry about high prices leading consumers and businesses to move to alternatives.
- A recent report from the U.S. Energy Information Administration shows that the supply and inventory of oil are falling in the U.S. Crude inventories are at a three-year low.
*Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities, click here.