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Oil Slips On Modest Keystone Impact; More Volatility Seen

stander
stander
in Oil, Gas and Energy News

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NEW YORK, April 7 (Reuters) - Oil settled lower on Thursday after data showed higher weekly inventories at the U.S. crude storage base despite a pipeline outage, but prices pared losses on short-covering, suggesting more volatility ahead.


"The energy trade remains choppy amidst fundamental and macroeconomic cross-currents that are shifting daily," Jim Ritterbusch of Chicago-based oil markets consultancy Ritterbusch & Associates said in a note.



http://www.downstreamtoday.com/news/article.aspx?a_id=51702


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