Bloomberg (Reported 3/17/2010)
“Crude oil climbed to a 10-week high after the government reported that U.S. imports fell to a seasonal low and fuel inventories dropped more than analysts forecast.
Crude imports slipped 0.8 percent to the smallest level for the second week in March since 2002, the Energy Department said today. OPEC ministers meeting in Vienna left production targets unchanged to support current price levels.” Crude Oil Rises to 10-Week High Above $82 as U.S. Imports Drop
MarketWatch (Reported 3/17/2010)
“Crude futures finished on a 1.5% gain Wednesday, helped by a weaker dollar a day after the Federal Reserve reassured markets that it would keep rates very low for an extended period.
The market also played off the Organization of Petroleum Exporting Countries' decision to keep its production quota unchanged, as well as data showing U.S. inventories rose last week.” Oil gains on weak dollar; OPEC holds line on output quotas
DJ (Reported 3/17/2010)
“Natural gas futures continued to drift lower Wednesday, hitting a new four-month low amid high production levels and balmy temperatures in the eastern U.S.
Natural gas for April delivery on the New York Mercantile Exchange settled 4.4 cents, or 1.01%, lower at $4.303 a million British thermal units after reaching a low of $4.28/MMBtu earlier in the day. The settlement price was the lowest since late November.” US GAS: Futures Reach Four-Month Low On Weather, Supplies
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