Oil prices traded higher today settling at the highest level since October despite a jump in Crude inventories as investors remained concerned about supply disruptions. Crude inventories increased by 3.2MM/bbls last week versus a forecasted decline 1.5MM/bbls. “The EIA report went in the other direction on crude oil from what the API reported yesterday, so that has helped pause the rally a little bit,” said Bob Yawger, director of energy futures at Mizuho. Both contracts continue to hit five month highs in the last 3 consecutive sessions as Ukrainian attacks on Russian refineries continue to cut fuel supply there. WTI traded up $.28 or .3% to close at $85.43. Brent traded up $.43 or .5% to close at $89.35.

On Mobile? Click here to download the PDF

mars
  • Where: Renaissance Schaumburg Convention Center Hotel
  • Attending: Curtis Chandler (239.405.3365), David Cohen (954-729-4774), Brian Baker (239)297-4519
  • Conference Website
mars
  • Where: La Quinta Resort & Club, La Quinta, California
  • Attending: Curtis Chandler (239.405.3365)
  • Conference Website
opis
  • Where: Charlotte Harbor, Florida
  • Attending: David Cohen (954-729-4774), Brian Baker (239)297-4519
  • Conference Website