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Oil price steadies as US inventory concerns curb gains


U.S. crude futures settled down 21 cents at $67.54 a barrel. Brent crude oil rose 54 cents to $77.37 a barrel after touching a session high of $77.92 a barrel.

U.S. crude futures settled down 21 cents at $67.54 a barrel. Brent crude oil rose 54 cents to $77.37 a barrel after touching a session high of $77.92 a barrel.

NEW YORK: Oil prices were mixed on Monday, pulling back from an early rally after data suggested U.S. crude inventories might build, weighing on the market.

Traders said weekly data from Bloomberg suggested U.S. oil inventories are rising, contradicting an earlier report from energy information provider Genscape, which forecast declining inventories.

Oil & Gas , Corporate News

   

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