NEW YORK, May 13 (NNN-AGENCIES) – Oil prices settled mixed yesterday, as market participants weighed risks, both on the supply and the demand sides.
The West Texas Intermediate for June delivery, added 42 cents, or 0.4 percent, to settle at 106.13 U.S. dollars a barrel, on the New York Mercantile Exchange. Brent crude for July delivery, decreased six cents, or nearly 0.1 percent, to close at 107.45 dollars a barrel, on the London ICE Futures Exchange.
The U.S. oil benchmark eked out a gain despite data showing a hefty rise in U.S. crude stockpiles.