February WTI crude plunged $1.91, or 6.7% to expire at $26.55/bbl as global financial markets continue to slide lower and concerns about the glut of crude weighted on the market

摘要

The March contract, which moves into prompt position, fell $1.22 to $28.35/bbl. Analysts estimate that oil stocks rose 2.8 million barrels last week. Gasoline stockpiles are expected to have increased by 1.4 million barrels, while distillates, including heating oil and diesel, are expected to have risen 100,000 barrels.