Oil Prices Unchanged; Hold Above $54
Oil Prices Daily Podcast is live on the EKT Interactive Oil and Gas Podcast Network.
April crude (CLJ7) traded higher by $.06 or 0.1% to settle at $54.05. Trading volume was light with 736,000 crude oil futures contracts changing hands.
It would appear OPEC has done a commendable job of stabilizing the market. But we are also of the opinion that their intended stability is likely attached to a $60 price handle rather than $50.
Crude Oil Prices Daily Chart (CLJ7)
Crude Oil Prices Intraday Chart (CLJ7)
Key Crude Oil Spread Settlements
Commodity Research Group – February Oil Market Report
For more in depth analysis of the key factors influencing oil markets, be sure to listen to the latest podcast from Commodity Research Group.
+Is OPEC lying to the oil markets? – OilPrice
Natural Gas Summary – NGJ7 Down $.094 or 3.4% to $2.693
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