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Intermediate tumbled more than $2 a barrel following declines in metals on
speculation that a commodity fund is selling positions. Oil also decreased
after gasoline futures slid for a second day from the highest level since
Information Administration, the Energy Department’s statistical arm, is
scheduled to release its weekly report at
WTI for March delivery, which expires today, dropped to $93.92 a barrel on the New York Mercantile Exchange.
Brent for April settlement dropped $1.60, or 1.4 percent, to $115.92 a barrel on the London-based ICE Futures Europe exchange.
|remaining time till the new event being published|
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