THE PRICE OF CRUDE HAS HOVERED OVER $100 A BARREL THIS 2014 AND NOTHING NEWS WORTHY TO REPORT HERE FROM THE MSM AS THE PEOPLE ARE DESENTISIZE TO THE LUKE WARM WATER BEGINNING TO BOIL

 

PRICE OF CRUDE AT $103 ONCE AGAIN 4/14/2014

WTI crude prices broke $100 per barrel for the first time since December

Last week, WTI crude oil prices finished at $100.30 per barrel, compared to $99.88 per barrel the week prior. Though WTI traded relatively flat last week, it has been up 5% since January and broke $100 per barrel for the first time since December 27. Last week, reported inventories data showed a larger-than-expected build in crude inventories, which is generally a negative signal to crude prices. However, the reported stocks at Cushing, a major oil hub in Oklahoma, continued to fall by 2.7 million barrels last week, which was the largest weekly decline since July, driving the total stocks there to 37.6 million barrels. The market weighed this as a positive catalyst for WTI prices as the WTI oil benchmark price is determined at Cushing. For more on the latest inventories report, please see How could inventories data affects the market.

http://finance.yahoo.com/news/wti-crude-prices-break-100-130010207.html;_ylt=A0SO8xEZckxTmCwAEMJXNyoA;_ylu=X3oDMTEzaDIwcjhrBHNlYwNzcgRwb3MDMQRjb2xvA2dxMQR2dGlkA1ZJUDM5M18x