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Hart Energy Commodities Report March 19

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Kristie Sotolongo
March 20, 2014

U.S. Crude Tops $100/bbl on Fed CommentsNYMEX-traded crude futures climbed on Wednesday to close back above US$100 per (/bbl) as traders assessed comments from the Federal Reserve on monetary policy and the U.S. economy. Traders also weighed weekly data showing a significant build in domestic crude supplies and a drop in refined-product inventories. Oil prices continued higher heading into the NYMEX close as investors factored in the Fed’s decision to continue tapering its bond-buying stimulus program as expected. But the central bank also shifted the factors that could prompt the ...

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