WTI crude futures finished the session in positive territory, fluctuating throughout the trading day. There has been two notable catalysts behind the erratic price action observed in crude futures today. One being the service which has now started on the expanded seaway pipeline and secondly with the USD index swinging between gains and losses. The Seaway's increased capacity of 400,000BPD up from 150,000BPD is speculated to help ease a glut in Cushing.
Print 19:36, 14 Jan 2013 - Commodities - Source: RANsquawk
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: