West
Texas Intermediate crude fluctuated after rising the most in a week as
Enterprise Products Partners LP said oil volumes through the Seaway pipeline
will climb, helping reduce a glut in the U.S. Midwest.
Futures
swung between gains and losses after climbing 0.8 percent in New York
yesterday, the most since Feb. 11. Seaway flows will average 295,000 barrels a
day between February and May, up from 180,000 barrels in January, said William
Ordemann, senior vice president at Enterprise, in Feb. 15 testimony to the
Federal Energy Regulatory Commission. U.S. crude stockpiles probably rose a
fifth week, according to a Bloomberg News survey before a government report
tomorrow.
WTI
for March delivery, which expires today, gained 3 cents to $96.69 a barrel in
electronic trading on the New York Mercantile Exchange at 10:39 a.m. Sydney
time. The contract rose 80 cents to $96.66 yesterday. The more-active April
future climbed 3 cents to $97.13. The volume of all futures traded was 58
percent below the 100-day average.
Brent
for April settlement gained 14 cents to $117.52 a barrel on the London-based
ICE Futures Europe exchange yesterday. The front-month European benchmark grade
closed at a premium of $20.42 to WTI futures. The gap expanded to $23.18 on
Feb. 8, the widest since Nov. 26.
U.S.
crude supplies probably gained 2 million barrels last week, according to the
median estimate of nine analysts in a Bloomberg survey. It will be the longest
streak of gains since May. Gasoline stockpiles likely fell 900,000 barrels, the
Bloomberg survey shows.
(sumber:
Bloomberg)
No comments:
Post a Comment