(MENAFN- ProactiveInvestors)
West Texas Intermediate oil futures seesawed between losses and gains overnight as traders digested data.
This included a U.S. government report which showed an eighth straight weekly decline in crude inventories and a surprise increase in stockpiles of gasoline during the summer driving season.
August crude was last down 1.3% to US$60.24 a barrel on the New York Mercantile Exchange.
It turned lower right after the supply data were released then edged higher again.
August Brent crude on London’s ICE Futures exchange lost 1.6% to US$63.39 a barrel.
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