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Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices end lower in anticipation of winter’s end

Posted on 26 February 2014

Oil prices slipped Tuesday as analysts predicted a sixth-straight weekly increase in U.S. crude stockpiles and as traders anticipated lower demand for heating-related fuel as the end of winter approaches.
Light, sweet crude for April delivery fell 99 cents, or 1%, to $101.83 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, also fell 1%, declining $1.13 to $109.51 on the ICE Futures Europe exchange………………………………………..Full Article: Source


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