Oil prices fell today after topping $85/bbl for the first time since November. “Supplies are tightening” for motor fuels, said Phil Flynn, analyst at Price Futures Group. “Prices are at risk to go higher.” But “there are worries the U.S. Federal Reserve won’t be able to cut interest rates” because inflation remains above the central bank’s target of 2%, Flynn added. Also supporting prices were Ukrainian strikes on Russian oil refineries, which caused a fire at Rosneft’s biggest refinery in one of the most serious attacks against Russia’s energy sector in recent months. WTI traded down $.17 or -.21% to close at $81.09. Brent traded down $.09 or -.11% to close at $85.33.

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swars
  • Where: Loews Arlington Hotel
  • Attending: Brian Baker (239.297.4519), David Cohen (954-729-4774), and Curtis Chandler (239-405-3365)
  • Conference Website
AARs
  • Where: The Westin Galleria Dallas
  • Attending: David Cohen (954-729-4774), and Curtis Chandler (239-405-3365)
  • Conference Website
sears
  • Where: The Westin Galleria Dallas
  • Attending: Brian Baker (239.297.4519)
  • Conference Website