Oil futures finish a choppy trading session in positive territory after data shows a large rise in U.S. crude inventories accompanied by large drops in stocks of petroleum products.
BILLINGS, Mont. (AP) The Biden administration on Monday reversed a policy imposed under former President Donald Trump that drastically weakened the governm
Oil ends higher in choppy session as traders weigh crude inventory rise versus product draw MarketWatch 3/10/2021
FUTURES MOVERS
Oil futures finished a choppy trading session in positive territory Wednesday, after seesawing between gains and losses following data that showed a large rise in U.S. crude inventories and a large drop in stocks of petroleum products.
Remarks by Russia’s deputy prime minister, Alexander Novak, highlighting worries about producers outside of OPEC+ raising output and stealing market share also contributed to a temporary turn lower, analysts said.
West Texas Intermediate crude for April delivery rose 43 cents, or 0.7%, to close at $64.44 a barrel on the New York Mercantile Exchange. May Brent crude the global benchmark, gained 38 cents, or 0.6%, to finish at $67.90 a barrel on ICE Futures Europe.
The Biden administration on Monday reversed a policy imposed under former President Donald Trump that drastically weakened the government's power to enforce a century-old law that protects most U.S. bird species .
An Interior spokesman said the Trump policy “overturned decades of bipartisan and international consensus and allowed industry to kill birds with impunity.”