US Crude Settles Above $100 for First Time in 14 Months

摘要

Geopolitical tensions and a steep decline in US crude inventories drove oil prices higher on Wednesday, with US Nymex WTI crude futures settling above the psychologically important $100 mark for the first time in 14 months. "We've had a relatively bullish [inventory] report in the midst of a bullish market," said Matt Smith of Schneider Electric.