Crude Futures End Mixed, Balanced by Conflicting Fundamentals

摘要

Crude futures were mixed Tuesday while gasoline and heating oil settled lower on an oversupply of petroleum products. Risks to global supply tied to violence in Libya violence and unrest in the Middle East are roughly balanced by a belief that oil is oversupplied and global economic growth might stagnate. The Nymex May contract, which expired Tuesday, settled up $1.03 at $108.15 per barrel, while the more actively traded June contract gained 59￠ to $108.28. June Brent, trading on the ICE Exchange in London, fell 28￠ to $121.33.