Oil Prices Rise Wednesday, then Settle Back in the Evening

March 16th, 2011
in econ_news

oil well3 Econintersect:  Oil prices on Bloomberg as of 12:10 am March 17 were mixed compared to 9 pm March 15.  Spot prices were higher for Brent crude in London and WTI (West Texas Intermediate) crude in New York, but each was down by more than a dollar from where prices closed in regular trading hours Wednesday.  The April NYMEX futures contract for WTI was down from the last GEI report at 9 pm March 15.

Follow up:

Here are the prices as of 12:10 am March 17 and the changes from 9 pm March 15:

  • WTI Cushing Spot            $ 97.98     +0.8%
  • Dated Brent Crude           $109.88    +1.5%
  • NYMEX Crude Future    $ 97.84      -0.3%

Sources:   Bloomberg, Daily Times and GEI News here and here  

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