WTI Crude Advances as Brent Futures Narrow to 9-Month Low

- April 8th, 2013

Bloomberg reported that West Texas Intermediate crude rose 0.7% on Nigeria clashes, as Iran talks ended without agreement.

Bloomberg reported that West Texas Intermediate crude rose 0.7% on Nigeria clashes, as Iran talks ended without agreement.

As quoted in the market news:

Prices gained 0.7 percent after tumbling 4.7 percent in the five days ended April 5, the biggest one-week decline since September. The main rebel group in Nigeria, Africa’s largest crude-producing country, said it killed 15 security guards in an attack in the oil-producing Bayelsa state. Iran and six world powers didn’t reach an interim deal over the country’s nuclear work, which may bolster calls for more sanctions on the nation.

Click here to read the full Bloomberg report.

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