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Oil settles lower after 3-session gain of over 9%

Thursday, 19 February 2015


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 Crude-oil futures on Wednesday put an end to a three-session winning streak on Nymex that lifted prices by more than 9% as investors turned their focus back to rising U.S. inventories.

March crude CLH5, -2.88%  settled at $52.14 a barrel, down $1.39, or 2.6%.

Brent crude LCOJ5, -1.77%  for April delivery fell $2, or 3.2%, to $60.53 a barrel on London’s ICE Futures exchange. A day earlier, prices closed at their highest in roughly two months and based on the most-active contract, have gained around 7% year to date.



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