Oil Prices Torn between Disappointing US Data and Slight Progress in Eurozone

Oil prices moved with high volatility but ended with little change yesterday as investors were torn between anticipation of a Greek debt deal and disappointing US data. WTI crude oil prices for March delivery soared to as high as 101.29 earlier in the day before slipping to 98.48 at close while the equivalent Brent crude contract jumped to a 3-week high of 113.9 before ending the day at 110.98. Gold climbed higher despite a stronger US dollar.

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Oil Prices Torn between Disappointing US Data and Slight Progress in Eurozone