• Oil fell

Noticias del mercado

21 febrero 2014

Oil fell

West Texas Intermediate crude declined on the New York Mercantile Exchange, paring a sixth consecutive weekly gain. Brent also slipped, narrowing a gain for the week.

WTI for April delivery dropped 56 cents, or 0.5 percent, to $102.19 a barrel at 10:50 a.m. on the New York Mercantile Exchange. The volume of all futures traded was 27 percent below the 100-day average. Crude is up 1.9 percent this week and 10 percent in the past six weeks.

Brent for April settlement slipped 48 cents, or 0.4 percent, to $109.82 on the London-based ICE Futures Europe exchange. Prices are up 0.7 percent this week. Trading was 37 percent lower than the 100-day average. The European benchmark crude was traded at $7.63 premium to WTI, little changed from $7.55 yesterday.

WTI is set for the longest run of weekly gains in a year with supplies falling at Cushing and cold weather bolstering fuel demand. The opening of the Keystone XL pipeline’s southern link in January eased a bottleneck in the central U.S.

WTI may fall next week as stockpiles expand, a Bloomberg survey shows. Twenty-three of 28 analysts and traders, or 82 percent, said futures will decrease through Feb. 28. Four respondents expected prices to gain while one forecast there will be little change.

Enfoque del mercado
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