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 

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