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West Texas Intermediate crude was little changed as equities gained on speculation of central-bank stimulus measures after economic reports from the U.S. and Europe missed forecasts.
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West Texas Intermediate crude fell to a one-month low after U.S. retail sales and consumer confidence declined, signaling lower fuel demand.
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West Texas Intermediate was little changed after an Energy Information Administration report showed that U.S. inventories climbed to a seasonal high. WTI’s discount to Brent narrowed to the lowest level in six weeks.
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West Texas Intermediate oil rose in New York as U.S. durable goods and housing data exceeded forecasts, signs an economic rebound may spur fuel demand.
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Oil fell after the U.S. Energy Department reported that crude inventories surged to the highest level in more than 21 years and production and imports climbed.
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Oil climbed after U.S. crude inventories dropped the most in seven months and the Federal Reserve said it may take steps to boost the economy.
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Oil dropped for the first time in six days after Italian bond yields surged to euro-era records and a German newspaper reported that Chancellor Angela Merkel’s party wants to enable countries to exit the common currency.
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Crude oil fell for the first time in four days after U.S. retail sales unexpectedly slipped in May, spurring concern that economic growth in the world’s biggest energy-consuming country will slow.
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West Texas Intermediate crude rose to a five-week high after a government report showed that U.S. refineries boosted operating rates, bolstering oil demand.
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Crude oil fell from a one-month high after a split emerged between France and Germany on proposals to increase the European bailout fund and the Federal Reserve described the pace of U.S. economic growth as “modest.”
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