WTI rises as demand in U.S. increases amid winter storms

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Source: Bloomberg
West Texas Intermediate oil increased on Friday session and was set to record its fifth weekly advance, the longest streak of weekly gains this year, as winter storms in the U.S. boosted demand for energy. WTI for settlement in March traded 27 cents lower at $100.08 per barrel on the NYMEX as of 3:55 p.m. in Singapore.

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Fri, 14 Feb 2014 09:47:43 GMT

Brent crude falls as Libya production drops

The European benchmark Brent crude declined on Friday after production in the Africa's largest oil producer, Libya, declined from 350,000 to a level of 200,000 barrels per day amid a shut-down of a pipeline caused by protestors. Brent for delivery in April fell as much as 19 cents to $108.33 per barrel on the London's ICE Futures Europe exchange.

Fri, 14 Feb 2014 09:47:16 GMT

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