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Hart Energy Commodities Report March 5

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Kristie Sotolongo
March 6, 2014

Crude Futures Fall on Weak Demand OutlookNYMEX-traded crude futures on Wednesday settled below US$102 per barrel (/bbl) – at their lowest level in nearly three weeks – pressured by a surprise build in domestic distillate inventories and concerns over for the potential for a slowdown in global energy demand. Prices also dropped as traders sold off the geopolitical risk premium accrued on March 3 on fears of escalating tension in the Ukraine. By Wednesday, those fears had mostly subsided as U.S. Secretary of State John Kerry said the related parties ...

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