WTI oil futures open today’s trading session firm over $104 a barrel as the latest EIA data showed that US crude oil inventories rose higher than many analysts had forecast, while the US President called for more oil production at home. Latest WTI Oil Price US Light crude oil futures for May 2011 delivery was trading at $104.68 a barrel, 05.55 GMT this morning in electronic trading on the NYMEX.
Thursday, December 29, 2011
WTI oil trading firm over $104 amid higher US inventories
WTI oil futures open today’s trading session firm over $104 a barrel as the latest EIA data showed that US crude oil inventories rose higher than many analysts had forecast, while the US President called for more oil production at home. Latest WTI Oil Price US Light crude oil futures for May 2011 delivery was trading at $104.68 a barrel, 05.55 GMT this morning in electronic trading on the NYMEX.
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