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Intermediate oil fell for a second day on speculation a report will show that
Futures declined as much as 1.2 percent before the release of government data tomorrow that’s projected to show stockpiles climbed by 2.25 million barrels last week, according to a Bloomberg survey of analysts.
Corp. is developing a plan to repair a leak that shut the Pegasus pipeline
system, which moves oil to
96,000 barrel-a-day Pegasus pipeline line was shut after a leak was discovered
also fell after the euro dropped as much as 0.3 percent against the dollar,
curbing the appeal of raw materials denominated in the
rate in the 17-nation euro-area rose to a record 12 percent in February and the
January figure was revised up to the same level from a previous estimate of
11.9 percent, the European Union’s statistics office in
WTI oil for May delivery dropped to $95.91 a barrel on the New York Mercantile Exchange.
Brent for May settlement decreased 35 cents, or 0.3 percent, to $110.73 a barrel on the London-based ICE Futures Europe exchange.
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