Oil Pulls Back Thursday

March 10th, 2011
in econ_news

oil well2 Econintersect:  Oil prices declined significantly Thursday (March 10).  In New York WTI (West Texas Intermediate) crude declined by 1.6% to $102.70 and the nearest NYMEX futures contract declined even more to $102.47.  Brent crude (London) declined less, by 0.6% to $114.76.  The premium for Brent increased to $12.06, up from $10.94 yesterday and from $7.65 Tuesday.  The premium peaked at $16.50 on March 1.

Follow up:

Closing prices from Bloomberg:

  • WTI Cushing Spot            $102.70    -1.7%
  • Dated Brent Crude           $114.76    -0.6%
  • NYMEX Crude Futures $102.47    -1.9%

Source:  Bloomberg, post1.net  and GEI News 

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

 navigate econintersect.com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved