Louisiana Light closed for $71.42 on Monday and
West Texas Intermediate was $63.12, according to the U.S.
The European benchmark grade's premium to
West Texas Intermediate was at $17.16.
The brief outage had no market impact on
West Texas Intermediate cash crude prices in either the oil hub of Cushing, Oklahoma, or Midland, Texas, another delivery point of the crude, traders said.
BAGHDAD / Aswat al-Iraq: Iraq may change its crude oil pricing index from
West Texas Intermediate (WTI) to Argus Sour Crude Index (ASCI) within the coming few months, the official spokesperson of the Iraqi Oil Ministry said on Sunday.
S&P Equity Research, using data from Global Insight, has raised its 2005
West Texas Intermediate (WTI) oil price forecast by $0.17 to $56.66 per barrel, 2006's by $2.46 to $58.46 and 2007's by $0.61 to $49.
The price of the Brent Blend went down 5 cents to settle at USD 67.12 pb while the
West Texas Intermediate also went up 30 cents to settle at USD 57.26 pb.
West Texas Intermediate crude futures ended Wednesday's session down 39 cents, or about 0.75 percent, at $52.62 per barrel.
The
West Texas Intermediate for February delivery fell 1.08 U.S.
US
West Texas Intermediate crude futures were $ 52.06 a barrel, up 2.38 cents, or 4.87 per cent, compared to the previous settlement, the first time that crude has exceeded $ 50 this year.
West Texas Intermediate fell from the highest closing price this month amid speculation crude inventories rose to the most since June in the US, the world's biggest oil consumer.
The May contract for
West Texas Intermediate crude ended at
