MW: Oil little changed after U.S. inventories data
Crude-oil futures were little changed after government data showed mixed results in U.S. petroleum inventories. The Energy Information Administration reported Wednesday that crude stockpiles rose 6.2 million barrels in the week ended Jan. 23, much higher than the 3.4 million gain expected by analysts surveyed by Platts. Gasoline inventories, however, showed a surprise decline, and distillate fuel inventories fell less than expected. After the data, crude for March delivery was almost flat at $41.52 a barrel on the New York Mercantile Exchange. It was down less than 1% before the data.
