WTI gains on lower stockpiles in the U.S main storage hub

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Source: Bloomberg
West Texas Intermediate crude increased on Thursday trading session rising towards the strongest level in a two-week period as inventories in the main oil storage hub in the U.S. dropped. WTI for settlement in May advanced 94 cents to $101.20 per barrel on the NYMEX, the most since March 11, and it was last seen at $101.07 as of 12:32 p.m. in London.

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Thu, 27 Mar 2014 16:03:05 GMT

Brent rises as Libyan oil fields remain shut

The European benchmark Brent crude traded in London advanced on Thursday on continued strikes in Libyan oil fields and as reports from the U.S. showed an improvement in labour market with jobless claims falling last week. Brent for delivery in May jumped as much 60 cents to $107.63 per barrel on the London's ICE Futures Europe exchange.

Thu, 27 Mar 2014 15:32:14 GMT

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