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Commodities Briefing - Categorized | Oil, Price Watch more

Economic indicators boost oil prices

Posted on 28 March 2013

Oil prices increased Mar. 26 with crude up 1.4% to its highest close in a month on the New York market, buoyed by improved US economic data and near-resolution of the Cyprus crisis. Natural gas climbed 2.8% with cooler weather.
“Brent performance, although less spectacular, was nevertheless good,” said Marc Ground at Standard New York Securities Inc., the Standard Bank Group. The price spread between Brent and West Texas Intermediate ended the day near $13/bbl………………………………………..Full Article: Source


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