Oil Pulls Back From Session Highs in Asia
By Biman Mukherji
--Oil futures have retreated from morning highs in Asian trading on Wednesday, leaving crude little change after fresh selling on Tuesday.
--April light, sweet crude on the New York Mercantile Exchange was recently up 6 cents at $60.77 a barrel in the Globex trading session. May Brent fell 7 cents to $64.57.
--The American Petroleum Institute's reading of U.S. inventories showed a slightly lesser-than-expected increase in crude stockpiles and bigger-than-anticipated declines in distillates and gasoline. Government data are due Wednesday.
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