Oil Trades Near Two-Year High as U.S. Stockpiles Seen Dropping - Bloomberg

Oil Trades Near Two-Year High as U.S. Stockpiles Seen Dropping - Bloomberg:

"Oil traded near the highest close in more than two years before U.S. government data forecast to show stockpiles extended declines for a seventh week and as unrest continued in OPEC’s third-biggest producer.

Futures were little changed in New York near $60 a barrel after easing 5 cents on Tuesday. Inventories probably fell by 5 million barrels last week, according to a survey before an Energy Information Administration report on Thursday. Crude and condensate exports from Iran remain unaffected by the turmoil that has spread across the country, Bloomberg tanker tracking shows."



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