Oil Closes Mixed as Rally Runs Out of Steam

摘要

Oil's recent rally lost steam on Thursday as the relentless growth of US inventories countered optimism about Opec-led plans for a production freeze. Some analysts said the market had risen too much, too fast from 12- year lows earlier this year. US crude futures settled slightly lower and Brent futures a touch higher after data from market intelligence provider Genscape suggested inventories in Cushing, Oklahoma rose 1.1 million barrels to 68.7 million bbl during the week to Mar. 1.