July crude settles lower from weak US data

摘要

New York—NYMEX July crude settled 33 cents lower at $103.74/barrel Thursday, pulling back from a four-week high on bearish US economic data. July crude reached a four-week high of $104.29/b Wednesday after US Energy Information Administration data showed a more than 7 million-barrel draw in crude stocks last week. The contract traded in a tight $103.55- $104.22/b range Thursday.