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Hart Energy Commodities Report March 16

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Kristie Sotolongo
March 17, 2014

WTI Futures Gain; End Week Down 3.6%NYMEX-traded crude oil futures rose Friday, but fell nearly 4% for the week, as traders focused on risks tied to the weekend’s referendum in Crimea, which could threaten crude supplies from Russia, as well as energy demand in the region. The market also weighed a monthly International Energy Agency (IEA) report showing an unexpected climb in Iraqi oil output, the highest level since 1979. West Texas Intermediate (WTI) for April delivery climbed 69¢, or 0.7%, to settle at US$98.89 per barrel (/bbl). Tracking the ...

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