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JUN 17, 2014 - TheStreet

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'Fast Money' Recap: Opening the Oil Spigot?

NEW YORK (TheStreet) -- WTI crude oil finished slightly lower on Monday while the S&P 500 eked out a slight gain of 0.08%.  On CNBC's "Fast Money" TV show, the trading panel took a look at the possibilities of the U.S. releasing some of its oil reserves to combat the rising price of crude oil.  Steve Grasso, director of institutional sales at Stuart Frankel, said that WTI crude oil seems to be hitting a temporary "ceiling" near current levels, at $106 per barrel. He added that a release of oil reserves will only help keep oil prices lower in the short-term. He is a buyer of ... Read More

Tags: 'Fast Money' Recap: Opening the Oil Spigot?,  Baidu Latest News