WTI Crude Advances as Stocks Rally

Bloomberg reported that West Texas Intermediate crude gained as US stocks surged after data showed factory orders in the US exceeded forecast, signaling positive economic growth and higher fuel demand.

As quoted in the market news:

WTI crude oil for May delivery climbed 12 cents to settle at $97.19 a barrel on the New York Mercantile Exchange. The contract dropped as much as 1.2 percent to $95.91 today. The volume of all futures traded was 1.9 percent below the 100-day average for the time of day at 4:33 p.m.

Click here to read the full Bloomberg report.