• At press time, Brent crude futures settled up $2.32 at $95.99 a barrel, extending a 1.1% rise from the previous session but falling 2.6% on the week. U.S. West Texas Intermediate (WTI) crude futures settled up $2.49, or 2.9%, at $88.96 a barrel, after climbing 0.8% in the previous session but down nearly 4% on the week.
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This Week’s Market Buzz
• At press time, Brent crude futures were down $2.73, or 2.89%, at $91.84 a barrel while U.S. West Texas Intermediate (WTI) crude futures fell $3.11, or 3.5%, to $85.99.
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• Brent crude futures climbed 20 cents, or 0.2%, to $104.03 a barrel at press time, while U.S. West Texas Intermediate crude (WTI) fell 64 cents, or 0.6%, to $95.70 a barrel.
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• Following reports that Russian forces further invaded Ukraine, Intermediate (WTI) crude oil have increased to more than $100 per barrel (b). The front-month Brent contract price closed just below $115/b at press time. The Brent crude oil price last rose above $100/b in late 2014. The front-month WTI contract price closed above $110/b at press time, after previously settling…
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Brent crude futures were up 99 cents, or 1.3%, at $75.41 a barrel at press time, while U.S. West Texas Intermediate (WTI) crude futures rose $1.08, or 1.5%, to $72.02.
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