(Bloomberg) — Oil was steady near $41 a barrel in New York after the longest run of gains in six weeks on signs U.S. crude stockpiles extended declines.The American Petroleum Institute reported crude inventories dropped by 8.59 million barrels last week, with gasoline stockpiles resuming draws, according to people familiar with the figures. Meanwhile, futures rose 1.7% on Tuesday after a massive blast at Lebanon’s main port rocked Beirut, raising concerns about fresh instability in the Middle East. Authorities didn’t immediately say whether it was an accident or an attack.Oil has struggled to maintain its momentum after rallying from a …read more
Source:: Yahoo Finance
