By Claudia Assis, MarketWatch
SAN FRANCISCO (MarketWatch) — Crude-oil futures waffled between small gains and losses Wednesday, dragged by a higher-than-expected inventories increase and garnering some support from positive U.S. economic data.
Crude for April delivery CLJ2 -0.71% declined 21 cents, or 0.2%, to $106.34 a barrel on the New York Mercantile Exchange.
Prices lost nearly 3% in the previous two sessions, and the lower prices had enticed inventors back to the market. Macroeconomic data and a successful borrowing program by the European Central Bank kept prices comfortably in the black.
By Claudia Assis, MarketWatch
SAN FRANCISCO (MarketWatch) — Crude-oil futures waffled between small gains and losses Wednesday, dragged by a higher-than-expected inventories increase and garnering some support from positive U.S. economic data.
Crude for April delivery CLJ2 -0.71% declined 21 cents, or 0.2%, to $106.34 a barrel on the New York Mercantile Exchange.
Prices lost nearly 3% in the previous two sessions, and the lower prices had enticed inventors back to the market. Macroeconomic data and a successful borrowing program by the European Central Bank kept prices comfortably in the black.
