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Oil Futures Little Changed Ahead of US Inventory Data

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02/14/2018 | 05:23 am

By Biman Mukherji

--Oil futures were little changed in Asia after settling that way in New York both Monday and Tuesday, with U.S. inventory data unable to move the market much.

--March light, sweet crude on the New York Mercantile Exchange was recently flat at $59.19 a barrel in the Globex trading session. April Brent was up 0.1% at $62.80.

--The American Petroleum Institute's reading of US oil supplies out late Tuesday was roughly in line with expectations of a rise in the government's reading due Wednesday. That after the International Energy Agency predicted crude-output growth from those outside the Organization of the Petroleum Exporting Countries should top anticipated global demand increases this year.

Write to Biman Mukherji at [email protected]

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