U.S. crude-oil futures bounced back Wednesday, rebounding from a five-year low after data showed crude inventories declined, although less than forecast.
Crude futures for delivery in January CLF5, -0.12% settled higher by 54 cents, or 1%, at $56.47 a barrel on the New York Mercantile Exchange. Oil had traded as low as $54.21 in earlier action Wednesday, its lowest level since May 2009, then jumped by as much as 5% to nearly $59 before giving back most of that gain.
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Crude futures for delivery in January CLF5, -0.12% settled higher by 54 cents, or 1%, at $56.47 a barrel on the New York Mercantile Exchange. Oil had traded as low as $54.21 in earlier action Wednesday, its lowest level since May 2009, then jumped by as much as 5% to nearly $59 before giving back most of that gain.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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