"West Texas Intermediate oil advanced from the lowest level this year as equities climbed on company earnings, while a Brent pipeline system shut after a platform leak boosted the European benchmark," Bloomberg reported.
It reported: "WTI futures rose as much as 1% percent as the Dow Jones Industrial Average ( INDU ) surged to a record amid the fastest profit growth since the 1990s. Brent gained as much as 1.2% as a pipeline system was closed for a fourth day after an oil leak was discovered March 2 on the Cormorant Alpha platform. An Energy Information Administration report tomorrow will probably show that U.S. crude supplies rose, a Bloomberg survey showed."
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
