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19 Feb 2014
WTI Rises testing highs $103.20
FXStreet (Guatemala) - West Texas Intermediate rose amid speculation that crude stockpiles fell at Cushing, as cold weather boosted fuel demand in the world’s biggest oil consumer.
Price action is between $102.00 and through $103.20. The commodity is consolidating the run up from $100.60. Crude has extended its advance also. $109 is now a base line while the highs are being tested through $110.60. Other news related are that Woodside profit slumped 17% on Lower Sales, Woodside Petroleum Ltd, Australia’s oil and natural gas producer, reported full-year profit fell 17 percent.
Price action is between $102.00 and through $103.20. The commodity is consolidating the run up from $100.60. Crude has extended its advance also. $109 is now a base line while the highs are being tested through $110.60. Other news related are that Woodside profit slumped 17% on Lower Sales, Woodside Petroleum Ltd, Australia’s oil and natural gas producer, reported full-year profit fell 17 percent.