NYMEX WTI Tumbles; ICE Brent Holds Above US$97/bbl

摘要

NYMEX light sweet crude for March delivery settled at US$85.64 per barrel (/bbl), down $1.69 on January 27, as the market responded to a larger-than-forecast rise in jobless claims. West Texas Intermediate (WTI) for March delivery fell 1.9% – the lowest settlement since November 30. The losses followed the release of government data showing applications for jobless benefits rose 51,000 in the week ended January 21, and orders for U.S. durable goods dropped in December.