IEA forecast pulls WTI down 2 percent
New York (UPI) Mar 13, 2015 - An increase in estimated U.S. crude oil production from the International Energy Agency pushed West Texas Intermediate prices down nearly 2 percent Friday. The IEA, which has headquarters in Paris, said in its monthly market report global oil supplies rose by 1.3 million barrels per day year-on-year to an estimated 94 million bpd in February. The increase was led mostly by producers out ... more
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