Futures Movers: U.S. oil prices hold above $60, but global oil falls back from multimonth highs [MarketWatch]
CME Group Inc. - Class A (CME)
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Source: MarketWatch
U.S. oil prices hold above $60, but global oil falls back from multimonth highs Oil futures struggled for direction on Thursday, with U.S. benchmark holding above the key $60 mark as it seesawed between modest gains and losses, but global oil prices eased back from the four-month high set in the previous session. Prices for both benchmark had climbed by more than 1% Wednesday after U.S. government data showed an unexpectedly large fall in domestic crude inventories. On its first full session as a front-month contract, West Texas Intermediate crude for May delivery CLK9, -0.23% on the New York Mercantile Exchange was down 2 cents, or less than 0.05%, to $60.21 a barrel after tapping a high of $60.39. May Brent crude LCOK9, -0.54% shed 11 cents, or 0.2%, to $68.39 a barrel on ICE Futures Group. U.S. benchmark WTI remains up more than 2% for the week and losses for crude Thursday were modest. U.S. equities headed broadly higher as investors digested the conclusion of a Federal Rese
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