Oil Declines Again Friday 3/11/11

March 11th, 2011
in econ_news

oil barrels 2 Econintersect:  For the second day in a row, crude oil prices declined significantly.  London saw Brent crude prices fall 1.8% to $112.90, while WTI (West Texas Intermediate) crude declined to $101.16.  The spread between London and New York prices narrowed to $11.74 from $12.06 Thursday, but remained well above the $7.65 spread on Tuesday.  The recent high for the premium in London over New York was $16.50 on March 1.

Follow up:

Closing prices from Bloomberg:

 

  • WTI Cushing Spot            $101.16    -1.5%
  • Dated Brent Crude           $112.90    -1.8%
  • NYMEX Crude Futures $101.16    -1.5%

Sources:  Bloomberg post1.net and GEI News 















Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.












 navigate econintersect.com

Blogs

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

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  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