Crude oil price up; natural gas price downEIA projects WTI at $106 per barrel, up $11 from 2011; Henry Hub spot gas price lowest since February 2002 Kristen Nelson Petroleum News
The U.S. Energy Information Administration said March 6 in its Short-Term Energy Outlook that it expects West Texas Intermediate crude oil to average $106 per barrel this year, $5 higher than the agency’s February projection, and $11 higher than the 2011 average price.
EIA said it expects WTI price....
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Record high inventories Crude oil consumption growing
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