Brent, WTI Surge as Market Refocuses on Middle East

摘要

NYMEX light sweet crude for April delivery settled at $101.42 per barrel (/bbl), up $3.44 on March 17, as the market shifted its attention again to escalating violence in the Middle East and North Africa. West Texas Intermediate (WTI) for April delivery advanced 3.5% after the U.S. signaled that it favored allowing foreign intervention against Libyan leader Muammar al-Qaddafi's forces.