Energy OverView March 8, 2013

WTI Crude oil prices posted solid gains, yesterday, benefiting from two factors. The primary source of the lift came from a decided move lower in the value of the dollar. The restraint showed by the ECB and the UK central bank caused the euro, in particular, to reverse its recent losses. The euro-centric Dollar Index fell nearly 0.5%. The other component to the WTI rally came at the expense of Brent crude oil prices and selling of the spread