WTI soared today on speculation that crude inventories plummeted between 1.0 and 1.5 million barrels last week.
The particularly harsh winter temperatures have created a healthy demand for heating oil, even as another winter storm dropped a few inches of snow in parts of the Northeast U.S. today.
Brent rose on supply worries as South Sudanese rebels allegedly seized control of Malakal, an Upper Nile oil-producing state capital.
By the end of the session WTI jumped $2.13/bbl settling at $102.43/bbl. Brent rose $1.38/bbl finishing the day at $110.46/bbl. Bunker prices were firming in the primary ports.
