Oil prices fluctuate amid mixed data
Oil prices wavered as US crude data came in mixed.
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New York: Oil prices wavered as US crude data came in mixed.
US crude production lost 40,000 barrels to 9.096 million barrels a day last week, according to the weekly report issued by the Energy Information Administration (EIA) on Wednesday.
US crude supplies of last week unexpected gained 3.9 million barrels to 457.9 million barrels, 96 million barrels more than one year before.
Inventories at Cushing, Oklahoma, the delivery point for the US contract, lost 1 million barrels to 53 million barrels.
The EIA projected in an early report that US crude oil production averages 9.2 million barrels per day in 2015 and 8.8 million barrels per day in 2016.
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