The Traderszone Network

Published in TZ Latest News 13 January, 2016 by The TZ Newswire Staff

U.S. crude edges up in early Asian trade amid market gloom

West Texas Intermediate (WTI) (CLc1) was up 16 cents at $30.64 a barrel at 0052 GMT (1852 EDT). Brent crude (LCOc1) was yet to trade. Data showing that crude inventories (USOILC=ECI) rose 234,000 barrels last week, much less than expectations, was overshadowed by reported builds of 8.4 million barrels in gasoline (USOILG=ECI) and over 6 million in distillates, which includes diesel and heating oil (USOILD=ECI).