News Headline Summary

ENERGY WRAP - US Crude futures settle at USD 97.31/BBL, up USD 0.30 or 0.31%

WTI futures closed the session in positive territory for the third consecutive day this week buoyed by news of new setbacks in the Iran nuclear talks with representatives from both sides saying a deal has not been reached. Prices also benefited further from an encouraging weekly US employment report and report by OPEC saying they were to trim supply according to Oil Movements. Natural Gas has been the underperformer in the energy complex today after today’s EIA Natural gas change showed supplies fell less than forecast prompting a slide in NatGas futures at the fastest rate in over a month. As a reminder, WTI crude futures March options expire at the NYMEX close today (1930GMT/1330CST).

14 Feb 2013 - 19:31 - - Source: RANsquawk

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