Crude Futures Fall US$1.25/bbl on High Domestic Inventories

摘要

NYMEX light, sweet crude for March delivery finished at US$96.36 per barrel (/bbl), down $1.25 on February 2, posting losses for the fifth consecutive session. West Texas Intermediate (WTI) for March retreated 1.9% versus the previous day’s close. Crude oil and gasoline prices continued to fall in response to Wednesday’s supply statistics from the Energy Information Administration (EIA) showing a build in inventories and a decline in demand.