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WTI Oil Trades Close to Highest in a Week as US Crude Stocks Increase
Apr. 10, 2013 06:23PM PST
Resource InvestingBloomberg reported that West Texas Intermediate traded close to the highest level in a week as US stockpiles increased to 389 million bpd, its highest since July 1990.
Bloomberg reported that West Texas Intermediate traded close to the highest level in a week as US stockpiles increased to 389 million bpd, its highest since July 1990.
As quoted in the market news:
WTI for May delivery was at $94.47 a barrel, down 17 cents, in electronic trading on the New York Mercantile Exchange at 9:42 a.m. Sydney time. The volume of all futures traded was 80 percent below the 100-day average. The contract rose 44 cents to $94.64 yesterday, the highest close since April 2.