TOKYO - Oil steadied after falling more than 3% overnight, with U.S. crude trailing Brent after U.S. inventory data fell short of expectations, amid conflicting signals from the U.S. and Iran over the disputes that have roiled prices recently.
West Texas Intermediate crude futures were up 1 cent at $57.63. They fell 3.3% on Wednesday, having fallen to the lowest since July 9. But U.S. crude stocks fell less than expected last week, suggesting production shut-ins caused by Hurricane Barry had little affect on inventories.
Yet gas goes up at the pump.... SMH!
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