Oil Gains On U.S. Oil Supply High Middle

Learn Commodity : Oil futures rose modestly from earlier losses on Wednesday, oil climbed back above $ 96 per barrel to extend its gains for the fourth consecutive session, as signs of economic recovery recently which is a good sign for the outlook for energy demand.

Estimated that oil demand may help offset the increase in U.S. oil supplies rose last week doubled analysts' estimates. "There should be some concern that U.S. oil production could continue beyond any combination of domestic and international demand," said Richard Hastings, Global Hunter Securities economist. "

"Data on the economy this week, although keliatannya well, but did not show anything new on the growth rate of the industry."