Brent crude steadied around three-month highs on Thursday, supported by expectations the Federal Reserve will keep its stimulus programme to aid the U.S. economy, while a sharp decline in crude inventories lifted U.S. oil to near 16-month peaks.
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Crude Oil Higher
Hedge funds increased bullish bets on WTI to the highest level since May 2011, according to the U.S. Commodity Futures Trading Commission.
US trade gap at narrowest since 2009
Oil imports decline and US businesses ship more goods overseas, pointing to stronger than initially expected growth in the April to June quarter
Oil price below $105
October crude oil fell $1.72, or 1.6%, to settle at $104.67 a barrel, its lowest close since August 21. The contract, which expired at the close of trade on the New York Mercantile Exchange, lost […]
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