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- Oil rebounded after the loss
Oil rebounded after the loss
West Texas
Intermediate oil rose after a government report showed
Prices
advanced as much as 1.1 percent. The Energy Information Administration, the Energy
Department’s statistical arm, said stockpiles fell 1.31 million barrels to
382.7 million in the week ended March 15.
Oil climbed
before the report as Luxembourg Finance Minister Luc Frieden called for
euro-area finance ministers to assemble a new rescue package for
WTI futures
for April delivery, which expire today, rose to $93.13 on the New York
Mercantile Exchange.
Brent for May settlement increased 71 cents, or 0.7 percent, to $108.16 a barrel on the London-based ICE Futures Europe exchange.
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