Wednesday, February 13, 2013

Crude Oil Prices Fall As U.S. dollar decline

Crude oil prices in commodity trading Tuesday (12/02) ended strong triggered weakening of the U.S. dollar as well as the projected increase in global demand for crude oil by OPEC as saying.

Crude oil for March delivery rose 48 cents, or 0.5%, to end at the price of $ 97.51 per barrel on the New York Mercantile Exchange.

Parties to the American Petroleum Institute (API) will present U.S. oil supply data on Tuesday, while the Energy Information Administration will release data on Wednesday morning. The analysts expect that will increase oil supplies by 2.5 million barrels in the week ended February 8 hours ago.

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