Oil Swerves Between Small Gains and Losses

Source:

"Crude oil futures alternated between edging higher and inching down as the U.S. debt deal cleared its first legislative hurdle."

Market Watch, Claudia Assis and Virginia Harrison

Crude oil futures alternated between edging higher and inching down Tuesday, as the U.S. debt deal cleared its first and likely biggest legislative hurdle to stave off a default, but a government report showed consumers held on to their wallets in June.

Crude for September delivery added 5 cents to $94.94 a barrel on the New York Mercantile Exchange. It traded as high as $95.45 a barrel and as low as $93.75 a barrel.

The Commerce Department said consumer spending fell 0.2% in June, the first decline in nearly two years. . .View full article

Get Our Streetwise Reports Newsletter Free

A valid email address is required to subscribe