West Texas Intermediate was up about 1.2% in Thursday afternoon trade, pushing the January benchmark back into the green. A risk aversion on the stock and bond markets triggered by interest rate fears, which began overnight after a hawkish comment by the President of the European Central Bank (ECB), Christine Lagarde, was unable to weigh on the US oil benchmark. Dow Jones futures (/YM) traded about 0.4% lower in the last hour of trading on Wall Street.
The US Energy Information Administration…
