Oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange moved mostly higher in the early morning Thursday.
New York Mercantile Exchange oil futures and Brent crude traded on the Intercontinental Exchange moved mixed early Wednesday after industry data reported a larger-than-expected build in commercial crude oil inventories during the week ending January 20.
New York Mercantile Exchange oil futures and Brent crude traded on the Intercontinental Exchange swung between modest gains and losses early Tuesday after overnight data showed Eurozone business activity returned to growth at the start of the year.
New York Mercantile Exchange oil futures moved lower in late-morning trade Wednesday after the Energy information Administration reported a massive 11.5-million-barrel (bbl) build occurred in commercial stocks of gasoline and distillate fuels.
Oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange spiked more than 2% early Wednesday.
Oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange advanced for the second consecutive session Thursday.