Oil futures dipped on Thursday, posting minor losses as the market digested a smaller-than-expected weekly climb in U.S. crude supplies and a surprise rise in distillate stockpiles.
Oil traders also looked at renewed turmoil in Ukraine and watched renewed turmoil in Ukraine and listened in on testimony from U.S. Federal Reserve Chairwoman Janet Yellen. The natural-gas market, meanwhile, traded mostly lower after weekly supply data.
Crude-oil futures for April delivery fell 28 cents, or 0.3%, to $102.31 a barrel on the New York Mercantile Exchange.On the ICE Futures exchange, Brent crude shed 63 cents, or 0.6%, to $108.89 a barrel.
Oil traders also looked at renewed turmoil in Ukraine and watched renewed turmoil in Ukraine and listened in on testimony from U.S. Federal Reserve Chairwoman Janet Yellen. The natural-gas market, meanwhile, traded mostly lower after weekly supply data.
Crude-oil futures for April delivery fell 28 cents, or 0.3%, to $102.31 a barrel on the New York Mercantile Exchange.On the ICE Futures exchange, Brent crude shed 63 cents, or 0.6%, to $108.89 a barrel.