Value Investor Insight is an investment newsletter created by money manager Whitney Tilson and John Heins. Value Investor Insight aims to deliver the highest-quality investment ideas, analysis, and insight to the just-starting-out investor and sophisticated investors. At the core of Value Investor Insight is the philosophy of the true value investor: buy something only for […]

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Crude inventories rose by 1.4 million barrels in the week to June 19 to 540.7 million barrels, the EIA said. Crude inventories also hit another record high on the Gulf Coast, where the bulk of the nation’s refining capacity is located. U.S. crude futures dropped 3.8%, or $1.54, to $38.83 a barrel by 10:48 a.m. ET (1448 GMT), while Brent was down 3.9%, or $1.67, at $40.96 a barrel.

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