Oil Trades Below $69 as Investors Weigh Mixed Inventories Report - Bloomberg:
Oil traded below $69 a barrel as investors tried to gauge demand growth in the world’s biggest economy following conflicting data on U.S. stockpiles.
Futures in New York were little changed Thursday after rebounding 1 percent in the previous session from a 1.5 percent drop. Prices have been wavering after government data showed a surprise gain in nationwide crude inventories, while gasoline held in U.S. storage tanks dropped by the most since May on the back of robust fuel demand. Meanwhile, an OPEC committee meeting provided little insight on how output quotas will be split between the group.
No comments:
Post a Comment