Markets

Market Chatter: WTI Oil Rises, Narrows Discount to Brent

"West Texas Intermediate crude rose, narrowing its discount versus Brent to the lowest level in two months, as the euro strengthened against the dollar and as the U.S. economy improved," Bloomberg reported.

It said: "WTI for May delivery gained 46 cents, or 0.5%, to $92.91 a barrel on the New York Mercantile Exchange. Prices are down 0.6% this week. Brent for May settlement slipped 7 cents to $107.40 a barrel on the London-based ICE Futures Europe exchange after falling to $106.90, the weakest intraday level since Dec. 7."

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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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