Crude Posts Modest Gains; Brent Settles Above $110

摘要

Oil futures posted modest gains on Wednesday, with global benchmark Brent settling just above the psychologically important $110 mark. US crude barely scraped into the black despite relatively bullish economic news and inventory data. Official data showed that the eurozone economies grew for the first time in seven quarters, with output for the April - June period up 0.3% on January - March, driven by strong performances from Germany and France.