Econintersect: Oil advanced in price Monday, March 21. WTI (West Texas Intermediate) crude rose 1.2% in New York, while Brent crude just inched up by 0.1% in London. In after hours trading Brent advanced another $0.38 (+0.3%) in London while the NYMEX futures contract in New York tacked on another $0.17 ().2%). WTI spot oil is not traded after hours. The daily closes and changes:
- WTI Cushing Spot $102.33 +1.2%
- Dated Brent Crude $114.42 +0.3%
- NYMEX Crude Future $102.33 +1.2%
Sources: Bloomberg, GEI News, and The Oil Drum