Brent Up on Yemen Flare - Up, WTI Falls on Stock Build

摘要

Oil futures closed mixed on Wednesday. North Sea Brent posted a modest gain after Saudi Arabia resumed airstrikes against Yemen while US crude ended slightly lower after news of another big increase in inventories. "The global petroleum markets rebounded from overnight lows as cease - fire hopes in Yemen faded, restoring some of the geopolitical risk premium lost after Saudi Arabia announced a halt in its air campaign on Tuesday," said Tim Evans of Citi Futures ( OD Apr.22'15 ).