WTI Advances to One Month High on Cyprus Bank Tax

- March 18th, 2013

West Texas Intermediate crude rose to the highest level in almost a month as policy makers indicated flexibility on the application of a new bank tax in Cyprus.

West Texas Intermediate crude rose to the highest level in almost a month as policy makers indicated flexibility on the application of a new bank tax in Cyprus.

As quoted in the market news:

WTI for April delivery rose 29 cents, or 0.3 percent, to $93.74 a barrel on the New York Mercantile Exchange, the highest settlement since Feb. 20.

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