Wednesday, 8 November 2017

Oil Steadies Near $57 a Barrel Before U.S. Crude Inventory Data - Bloomberg

Oil Steadies Near $57 a Barrel Before U.S. Crude Inventory Data - Bloomberg:

"Oil steadied in New York before weekly data on crude inventories in the U.S., the world’s biggest oil consumer.

Futures were little changed after slipping 0.3 percent on Tuesday, the first decline in four sessions. Crude inventories fell by 1.56 million barrels last week, while motor-fuel stockpiles gained 520,000 barrels, the industry-funded American Petroleum Institute was said to report. A Bloomberg survey forecast a 2.45 million-barrel oil-supply drop ahead of government data Wednesday."



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