: Oil futures give up early gains to finish lower
Oil futures settled lower on Wednesday, giving up early gains after the Energy Information Administration reported a smaller-than-expected weekly decline in U.S. crude supplies. Oil prices were “somewhat subdued” given some concerns about the global economic outlook, said Phil Flynn, senior market analyst at The Price Futures Group. If demand holds up, “we’re going to see significant drawdowns in both oil and product inventories,” he said. However, “a rebound in the U.S. dollar is tempering enthusiasm”... Читать дальше...