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Oil Recovers Post U.S. Inventory Data Released Today

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OIl futures recovered from an early session drop and post the U.S. Inventory Data Release today. The release confirmed a decline in U.S. crude inventories was not as great as expected however it was coupled with encouraging data on domestic oil demand. Oil settled at $49.59 a barrel post last weeks run that took WTI above $50 a barrel.

Oil finds higher ground after U.S. inventory data

Oil futures gain ground in a choppy session as traders grapple with a smaller-than-expected decline in crude inventories amid a mixed bag of government data…

www.marketwatch.com

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