US government data on Thursday showed crude stocks had risen 2.4 million barrels last week, compared with a forecast for an 800,000-barrel increase.
185
Oil Rose On US Falling Stocks
Oil prices edged higher on Thursday, recovering from a slide to their lowest level
Oil prices edged higher on Thursday, recovering from a slide to their lowest level this year after US government data showed a fall in stocks of winter heating fuel.
But a big rise in overall crude stocks and OPEC indecision over an output cut limited gains.
US crude settled 27c higher at $57.86 a barrel, above a session low of $57.22, which was the lowest level since December 19, 2005. London Brent crude settled 11c higher at $58.76.
US government data on Thursday showed crude stocks had risen 2.4 million barrels last week, compared with a forecast for an 800,000-barrel increase.
US government data on Thursday showed crude stocks had risen 2.4 million barrels last week, compared with a forecast for an 800,000-barrel increase.
Подпишитесь
