Market Chatter: Oil Seen Switching Between Gains and Losses
"Oil switched between gains and losses in London amid signs of rising inventories in the U.S., the world's biggest crude-consuming nation," Bloomberg reported. It said: "Brent futures were little changed after adding 0.5% yesterday. U.S. crude supplies increased 2.4 million barrels last week, according to the American Petroleum Institute. An Energy Department report today may show inventories rose 2 million barrels, a Bloomberg News survey of 11 analysts showed. Gasoline and distillate stockpiles also climbed, the API said."
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