WTI slips on supply speculation

Futures declined as much as 0.6 per cent in New York. Twenty-one of 34 analysts and traders, or 62 per cent, in a Bloomberg News survey estimated WTI will decline through February 21 as US crude stockpiles expand and freezing temperatures recover. Crude supplies rose by 3.27 million barrels last week, according to the Energy Information Administration.

Brent for April settlement slid 15 cents to $108.37 a barrel on the ICE Futures Europe exchange. The March contract expired on Thursday after losing 6 cents to $108.73. The European benchmark crude was at premium of $8.76 to WTI for the same month.