• Оil fell for a second day

Notícias do Mercado

2 abril 2013

Оil fell for a second day

West Texas Intermediate oil fell for a second day on speculation a report will show that U.S. crude supplies rose to the highest level in more than 22 years.

Futures declined as much as 1.2 percent before the release of government data tomorrow that’s projected to show stockpiles climbed by 2.25 million barrels last week, according to a Bloomberg survey of analysts.

U.S. gasoline stockpiles probably slid 1 million barrels last week, according to the median estimate of 10 analysts surveyed by Bloomberg before the Energy Information Administration report tomorrow. Distillate supplies, a category that includes heating oil and diesel, also fell 1 million barrels, the survey showed.

Exxon Mobil Corp. is developing a plan to repair a leak that shut the Pegasus pipeline system, which moves oil to Gulf Coast refineries from the central U.S.

Exxon’s 96,000 barrel-a-day Pegasus pipeline line was shut after a leak was discovered March 29 in Arkansas. The line runs 940 miles (1,512 kilometers) from Patoka, Illinois, to Nederland, Texas, and serves refineries around Port Arthur and Beaumont on the Gulf Coast near Texas’ border with Louisiana.

Oil futures also fell after the euro dropped as much as 0.3 percent against the dollar, curbing the appeal of raw materials denominated in the U.S. currency as an investment.

The jobless rate in the 17-nation euro-area rose to a record 12 percent in February and the January figure was revised up to the same level from a previous estimate of 11.9 percent, the European Union’s statistics office in Luxembourg said today. That’s the highest level in data going back to 1995 and matches the median forecast in a survey of economists.

WTI oil for May delivery dropped to $95.91 a barrel on the New York Mercantile Exchange.

Brent for May settlement decreased 35 cents, or 0.3 percent, to $110.73 a barrel on the London-based ICE Futures Europe exchange.


 

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