Commodity Blog |
| Brent Crude Declines, While WTI Oil Rebounds Posted: 21 Feb 2013 03:56 PM PST Brent crude oil declined today as US inventories expanded more than was expected. At the same time, WTI crude managed to erase losses and rise. US oil stockpiles grew by 4.1 million barrels last week, while analysts have anticipated a 1.9 million increase. Production of crude jumped to the highest level in more than 20 years. Crude oil also declined as yesterday’s Federal Reserve’s minutes sparked fear [...] |
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