Direxion Daily Natural Gas Related Bull 3X ETF (NYSE: GASL) U.S. Commercial Crude Inventories Increased by 8.4 Million Barrels

NEW YORK, NY / ACCESSWIRE / February 1, 2016 / Direxion Daily Natural Gas Related Bull 3X ETF (NYSE: GASL) an ETF that seeks daily investment results of 300% of the performance of the ISE Revere Natural Gas Index, has been under pressure as oil prices have tumbled to a twelve year low of under $28 per barrel. The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 8.4 million barrels last week, maintaining a total U.S. commercial crude inventory of 494.9 million barrels. The commercial crude inventory remains near levels not seen at this time of year in at least the past 80 years. When will the oversupply be addressed?

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