Comment on Futures Movers: Oil turns higher, waving off unexpected rise in crude stocks as gasoline inventories fall

Futures Movers: Oil turns higher, waving off unexpected rise in crude stocks as gasoline inventories fall

Oil futures reverse higher Thursday, gaining ground despite an unexpected rise in U.S. crude inventories, with investors focusing on a drop in gasoline stocks and a further decline in the number of barrels at the New York Mercantile Exchange’s delivery hub in Cushing, Oklahoma.

 

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