London Brent crude was up 39 cents to $57.62.
127
Oil Prices Retraced
Oil prices rallied to $58 on Thursday after fuel stocks in the United States were cut by freezing weather
Oil prices rallied to $58 on Thursday after fuel stocks in the United States were cut by freezing weather and as buyers reemerged following a 2 percent sell-off the previous day.
U.S. crude oil futures gained 27 cents to $57.98 a barrel by 0659 GMT.
London Brent crude was up 39 cents to $57.62.
Analysts say the drop in inventory levels was not significant enough to push up oil prices beyond $60, leading to profit-taking after a nearly 20 percent climb since mid-January.
London Brent crude was up 39 cents to $57.62.
Подпишитесь
