Crude Oil Hanging onto $100/Barrel

After breaking the psychological $100/barrel level as a coordinated effort for world banks to lower interest rates on Dollar swaps caused commodities across the board to spike higher; crude oil continues to hold onto the $100 level. The commodity continued to hold even after U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.9 million barrels from the previous week. Crude oil is currently trading over 1% higher at $100.82.