Oil fell from the highest close in three days in New York, trimming its second quarterly advance, before a government report forecast to show U.S. crude stockpiles rose to a six-month high
Futures slid as much as 0.3 percent after rising for a second day yesterday. U.S. supplies gained 2.8 million barrels, or 0.8 percent, to 349.1 million in the seven days ended March 23, according to the median of six analyst estimates before an Energy Department report tomorrow. That would bring supplies to the highest level since Sept. 2.
Oil for May delivery dropped as much as 32 cents to $106.71 a barrel in electronic trading on the New York Mercantile Exchange and was at $106.77 at 12:51 pm. Singapore time. It gained 16 cents yesterday to $107.03, the highest close since March 21. Prices are 8 percent higher this year and headed for a second quarterly gain.
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du makes data more affordable with new Daily Data Bundle
du’s Daily Data Bundle opens data usage to even more customers, who can now get instant data anywhere, anytime on their prepaid lines. And as an introductory offer, for every third purchase made with