RTRS: U.S. crude futures briefly trim rise after data
NEW YORK, Nov 10 (Reuters) - U.S. crude oil futures
initially trimmed a modest rise on Wednesday as the dollar
extended gains after news that U.S. initial jobless claims fell
last week and the trade deficit narrowed more than expected.
But crude bounced back after briefly turning negative.
Prices were about 27 cents higher before the data after
Tuesday's industry report of a drop in crude oil stockpiles,
though the bullish reaction to that report was curbed by the
stronger dollar and a slip in China's crude imports.
U.S. government oil inventory data is due for release later
on Wednesday.
On the New York Mercantile Exchange, December crude CLZ0
rose 30 cents, or 0.35 percent, to $87.02 a barrel by 8:44 a.m.
EDT (1344 GMT), trading from $86.10 to $87.14.
