WSJ: OIL FUTURES: Crude Higher Ahead Of Inventory Data
NEW YORK (Dow Jones)--Crude futures aimed higher Wednesday following improving data on employment and consumer spending, as traders await a weekly report on U.S. oil and fuel inventories.
Light, sweet crude for January delivery recently traded 44 cents, or 0.5%, higher at $81.69 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 39 cents higher at $83.64 a barrel.
Oil prices held to early gains after the Labor Department said initial unemployment claims in the U.S. fell by 34,000 to 407,000 last week, the lowest level since July ...
