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Hart Energy Commodities Report Feb. 20

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Kristie Sotolongo
February 21, 2014

U.S. Crude Remains Near Four-Month HighNYMEX-traded crude futures topped US$103 per barrel (/bbl) on Wednesday – reaching a new four-month high with forecasts for another cold snap next week is expected to increase demand.The wintry weather outlooks also sent heating oil prices soaring to near-three-week highs heading into the close. West Texas Intermediate (WTI) for March delivery, which expires at the end of floor trading today tacked on 88¢ to settle at $103.31/bbl. On the session, the U.S. benchmark traded as high as $103.65/bbl – its highest since October 9. ...

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