Market Chatter: WTI Oil Little Changed; U.S. Crude Stockpiles Seen Rising

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"West Texas Intermediate crude slid for a second day amid speculation that U.S. inventories climbed to the highest level in more than 22 years," Bloomberg said.

It said: "Futures fell as much as 0.5% in New York. U.S. crude supplies probably increased 2.3 million barrels last week, according to a Bloomberg News survey of analysts before a government report tomorrow. Prices slipped yesterday after data showed U.S. manufacturing grew less than forecast in March. Exxon Mobil Corp. ( XOM ) is developing a plan to repair a damaged section of the Pegasus pipeline that moves crude to Gulf Coast refineries. The line was shut because of a leak."




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This article appears in: Investing , Commodities

Referenced Stocks: XOM

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