Showing posts with label China's leaders. Show all posts
Showing posts with label China's leaders. Show all posts

Thursday, August 2, 2012

Oil pares gains after Fed statement, EIA draw supports

NEW YORK (Reuters) - Oil futures ended off highs in choppy trading on Wednesday after the U.S. Federal Reserve said the economy had lost some momentum but offered no new stimulus, with support still coming from data showing a bigger-than-expected drawdown in U.S. crude stockpiles last week.