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Commodities Briefing - Categorized | Oil, Price Watch more

US oil price hits 2014 high above $100

Posted on 11 February 2014

US oil continued its recent strong run, climbing above $100 a barrel on Monday and hitting its highest level so far in 2014. Nymex March West Texas Intermediate rose as much as 0.5 per cent to $100.55 barrel, taking gains over the past month to 8 per cent.
“From a fundamental perspective, markets remain well supported from elevated winter demand in the US as well as North Sea and Libyan supply worries,” said JBC Energy, an oil consultancy………………………………………..Full Article: Source


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