Commodities – WTI Oil Futures Waver After Crude Inventories

Investing.com – West Texas Intermediate oil turned positive in North American trade on Thursday, after data that showed that oil supplies in the U.S. registered a larger-than-expected inventory draw.

for February delivery on the New York Mercantile Exchange inched up $0.02, or 0.03%, to trade at $59.66 a barrel by 11:03AM ET (16:03GMT) compared to $59.55 ahead of the report.

The U.S. Energy Information Administration said in its weekly report that fell by 4.609 million barrels in the week ended December 22. Market analysts’ had expected a crude-stock draw of 3.970 million barrels, while the American Petroleum Institute late Wednesday reported a supply draw of .

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