Oil futures started the month of February on a bearish note, clobbered by news of a larger-than-expected increase in petroleum stocksin the US. The weekly status report by the US Energy Information Administration (EIA), published Wednesday, showed that commercialinventories of crude oil, gasoline and diesel rose in the week ending Jan. 27, sending crude futures into a tailspin. In London, the front-month April contract for Brent oil fell by $2.62 to close at $82.84 per barrel, while in New York, the Marchcontract for West Texas Intermediate (WTI) shed $2.46 to settle at $76.41/bbl.
展开▼
