Oil steadies as U.S. crude stocks draw but fuel inventories rise - Reuters

Oil steadies as U.S. crude stocks draw but fuel inventories rise - Reuters:

Oil futures steadied on Wednesday after U.S. government data showed a drawdown in domestic crude stocks but rises in refined product inventories, while lingering worries about the global economy weighed on the market.

Brent crude futures LCOc1 rose 27 cents to settle at $60.30 a barrel, down from a session high of $61.41.

U.S. West Texas Intermediate (WTI) crude CLc1 fell 45 cents to settle at $55.68 a barrel, after hitting $57.13 a barrel.

Prices pared gains after data from the Energy Information Administration showed bigger-than-expected builds in U.S. fuel inventories last week. Gasoline stocks USOILG=ECI rose by 312,000 barrels, while distillate supplies USOILD=ECI grew by 2.6 million barrels.