NYMEX crude gains $1.37 while iCE Brent weakens

摘要

New York-The New York Mercantile Exchange March crude oil futures contract settled $1.37 higher at $86.36/b February 17, while its overseas counterpart, ICE Brent, weakened with spread action driving the session. "It is all about the spreads today. When WTI is higher and Brent is lower, you can't point to bullish or bearish news as driving the action," said energy analyst Tim Evans of Citi Futures Perspective.