Crude oil futures little changed after API stock draw
07/02/2012 at 22:50
NEW YORK, Feb 7 Reuters - U.S. and Brent crude oil futures were little changed in post-settlement trading on Tuesday after industry data showed a large, surprising drawdown of 4.5 million barrels in U.S. crude inventories last week.
A Reuters poll ahead of the report had forecast that domestic crude stocks rose 2.4 million barrels.
NYMEX crude for March delivery was up $1.79 at $98.70 by 4:38 p.m. EST 2138 GMT. Before the American Petroleum Institute released its report, it traded up $1.80 at $98.71.
In London, ICE March Brent crude was up 17 cents at $116.10. Before issuance of the report, it was up 22 cents at $116.15.
Reporting By Gene Ramos
gene.ramos@thomsonreuters.com646-223-6054Reuters Messaging: gene.ramos.reuters.com@reuters.net
Keywords: MARKETS ENERGY CRUDE URGENT