Crude for March delivery increased as much as 51 cents to $98.99 in electronic trading on the New York Mercantile Exchange and traded at $98.97 at 4:40 p.m. Singapore time. The contract yesterday declined 0.3 percent to $98.48 a barrel, the lowest since Jan. 20. Prices slid 0.4 percent in January, falling for a second month.
Brent oil for March settlement gained 56 cents to $111.54 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract’s premium to West Texas Intermediate futures traded at $12.51, compared with a record spread of $27.88 on Oct. 14. Crude markets: For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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