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Commodities Briefing - Categorized | Oil, Price Watch more

NYMEX-Crude rises above $105.50/bbl on U.S. data

Posted on 16 March 2012

U.S. crude futures rose on Friday, after dropping for two straight sessions, as robust economic data in the world’s top oil consumer countered news that the United States and Britain were preparing a release from strategic oil stocks this year.
NYMEX crude for April delivery was up 41 cents at $105.52 a barrel by 0022 GMT, after settling down 32 cents at $105.11 on Thursday………………………………………..Full Article: Source


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