Energy OverView March 25, 2013

Oil prices are back on the rebound on the back of renewed economic confidence in the euro zone over the Cyprus bailout deal. The dram came to an end last night, as usual at the last minute. The solid economic data out of the US is helping to support WTI at the expense of Brent crude. The falling Brent price has also pressured refined products lower. WTI prices, in particular, have shown strength.