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Hart Energy Commodities Report March 27

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Kristie Sotolongo
March 28, 2014

Oil Rises on Seasonal Demand; Geopolitical ConcernsCrude oil futures rose on both sides of the Atlantic on Thursday, with NYMEX-traded crude up more than $1 per barrel (/bbl) to hit a three-week high as strong US economic data and the end of refinery maintenance season buoyed prospects for oil demand. The US economy grew a bit faster than previously estimated in the fourth quarter, data showed, while the number of Americans filing new claims for unemployment benefits unexpectedly fell last week – touching its lowest level in nearly four months. ...

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