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WTI fluctuates after gaining most in week; OPEC exports may rise

Posted on 17 May 2013

West Texas Intermediate crude swung between gains and losses after rising the most in a week. OPEC was forecast to increase crude exports this month to meet rising demand from Asian refiners.
Futures fluctuated in New York, heading for the first weekly decline in four weeks. The Organization of Petroleum Exporting Countries will ship 23.87 million barrels a day in the four weeks to June 1, up from 23.65 million in the previous period to May 4, Oil Movements, a tanker tracker, said in a report. ……………………………………….Full Article: Source


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