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Market Chatter: WTI Oil Futures Climb From Lowest Level This Year

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"West Texas Intermediate oil advanced from the lowest level this year as equities climbed on company earnings and monetary stimulus, while a Brent pipeline system shut after a platform leak boosted the European benchmark," Bloomberg reported.

It said: "WTI futures rose as much as 0.7% as the Dow Jones Industrial Average surged to a record amid the fastest profit growth since the 1990s. WTI oil for April delivery rose 22 cents to $90.34 a barrel on the New York Mercantile Exchange. The contract fell 56 cents to $90.12 yesterday, the lowest settlement since Dec. 24. Brent crude for April settlement increased 51 cents, or 0.5%, to $110.60 a barrel on the London-based ICE Futures Europe exchange."

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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.

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