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Hart Energy Commodities Report March 31

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Kristie Sotolongo
March 31, 2014

Oil Edges Higher on Geopolitical ConcernsNYMEX-traded crude oil prices climbed on Friday—scoring a weekly advance of more than 2%—but as March winds down, U.S. crude futures were set for a monthly loss. The weekly advance came amid global supply concerns arising from Ukraine-Russia tensions and ongoing Libyan protests. Other factors contributing to the gains have been a continued drop in crude inventories at the key Cushing, Okla. delivery hub and upbeat U.S. economic data. West Texas Intermediate (WTI) for May delivery tacked on 39 cents to settle at $101.67 per ...

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