Inventories vs. possible disruptions

Energy prices see-sawed, down one day and up the next through the week ended Mar. 24 as traders worried about high US inventories vs. possible supply disruptions later this year.“West Texas Intermediate spot crude oil prices began the week by posting the largest 1-day decline in 7 months but then rebounded due to further supply disruptions in Nigeria and concerns regarding reformulated US gasoline supplies heading into the summer driving season,” said Robert S. Morris at Banc of America Securities LLC, New York. The end result was a 1% increase in both WTI spot oil and composite spot natural gas prices by the end of the week.Nigeria’s oil ministry had planned to resume p...

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