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Hart Energy Commodities Report Feb. 26

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Kristie Sotolongo
February 27, 2014

WTI Futures Advance on Cushing InventoryNYMEX-traded crude futures rebounded Wednesday, narrowing its discount to Brent, after the release of a weekly U.S. Energy Information Administration (EIA) report showed inventories dropped at Cushing, Okla. – known as PADD 2. Stockpiles at the futures’ delivery point slid 1.08 million barrels in the week ended February 21, according to the EIA. West Texas Intermediate (WTI) for April delivery advanced 76¢, or 0.7%, to close at US$102.59 per barrel (/bbl). Cushing supplies declined 7 million barrels in the four weeks ended February 21 to ...

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