Oil was Up in New York, Down in London Wednesday

March 23rd, 2011
in Background, econ_news

oil barrels Econintersect:  Brent crude was down slightly in London Wednesday (March 23) to $115.78, but WTI (West Texas intermediate crude) was up more than 1% in New York.  The NYMEX futures contract reained higher than the WTI spot price by $0.55, reflecting a sentiment for higher prices in April.  In after hours trading prices have fallen.  The NYMEX futures are down $0.40 while Brent crude is down $0.75.  The prices at market close were:

Follow up:

  • WTI Cushing Spot            $105.20    +1.2%
  • Dated Brent Crude           $115.75     -0.1%
  • NYMEX Crude Future    $105.75     +0.8%

Sources:  Bloomberg, GEI News, and The Oil Drum



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