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Trader's Tale: Why I'm Selling Crude

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June 03, 2013 china, crude, dollar, oil, opec, pmi, trader, trading, wti

Trader, Steve O'Hare, from Pia-First Capital, is targeting crude and his focus is on West Texas Intermediate. Here he tells us how he's positioning himself for the day.

U.S. crude-oil prices fell in electronic trade Monday as investors considered slightly worrying manufacturing data from China and a decision by OPEC to leave its production target unchanged.

O’hare is expecting a small pullback in the crude oil price and says he'll take advantage of this bearish momentum.