WSJ:OIL FUTURES: Brent, Nymex Crude Pare Gains As Euro Weakens
By Konstantin Rozhnov
Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--Crude-oil futures pared gains and Brent briefly turned negative Wednesday as the dollar strengthened against the euro after the European Central Bank's dollar tender.
But futures continue to find support from ongoing supply disruption worries and the U.S. oil inventories numbers released Tuesday which showed a fall in U.S. crude stocks.
At 1118 GMT, the front-month February Brent contract on London's ICE futures exchange was 41 cents, or 0.4%, higher at $107.14 a barrel. The new front-month February contract on the New York Mercantile Exchange was trading up 58c, or 0.6%, at $97.82 per barrel.
-By Konstantin Rozhnov, Dow Jones Newswires; +44 207 842 9956 ; konstantin.rozhnov@dowjones.com
