Crude retreats as demand uncertainty prompts profit-taking

MOSCOW (MRC) -- Crude oil futures settled lower Feb. 11, retreating from 13-month highs as traders booked profits amid mixed demand outlooks, reported S&P Global.NYMEX March WTI settled 44 cents lower at USD58.24/b, and ICE April Brent declined 36 cents to USD61.11/b.The International Energy Agency on Feb. 11 pointed to a tightening oil market this year, despite lowering its estimate of

Full article at mrcplast.com