Miércoles, 17 de abril de 2013
West Texas Intermediate oil fell to a four-month low as equities declined and U.S. output rose to a 20-year high. Brent slid below a key technical level at $97.91.
WTI dropped for the fourth time in five days as U.S. stocks tumbled on disappointing corporate earnings and after the dollar strengthened against the euro. Output was 7.2 million barrels a day, the most since July 1992, and fuel use slid, according to the Energy Information Administration, the Department of Energy’s statistical arm. Brent breached the 23.6 percent Fibonacci retracement level from 2012’s low to the year’s high.