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Commodities Briefing - Categorized | Oil, Price Watch more

American cold season brings global oil prices up to $106

Posted on 06 February 2014

Brent crude rose to around $106 a barrel on Wednesday following gains in the US oil benchmark after an industry report showed lower inventories at the US delivery point and robust heating fuel demand from cold weather.
The American Petroleum Institute’s report on Tuesday said crude stocks at Cushing, Oklahoma fell by 1.6 million barrels last week and that distillate inventories, which include heating oil, fell by 1.5 million barrels………………………………………..Full Article: Source


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